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HKMA’s Carmen Chu Urges Banks to ‘Embrace the Opportunities’ of GenAI

HKMA’s Carmen Chu said banks should foster a culture of “continuous learning” within their institutions and experiment with HKUST’s InvestLM GenAI Platform. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial […]

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FMA Launches Legal Action Against InvestNow for Breaching AML Rules

The FMA said it considers failures by retail investment platform InvestNow to be “significant and, in some respects, systemic.” To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More

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Australia Proposes to Mandate Cash Acceptance for Essential Items

Australia’s Treasury proposes to require certain types of businesses to accept cash, with potential limits on the mandate such as transaction caps or time limits. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified

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RBI Removes Business Restrictions on Two Edelweiss Group Firms

The RBI is satisfied that adequate remedial measures have been put in place at the two entities to address its earlier supervisory concerns. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on

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Korea Advances Bill to Open Up Corporate Credit Rating Market

The government approved a revision bill that will abolish a requirement for licensed corporate credit rating providers to be at least 50 percent owned by financial institutions. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research

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China Finalises New Regulations for Foreign Accounting Firms

The regulations allow foreign accounting firms that need to conduct “temporary activities” in China to do so without establishing a representative office, subject to conditions. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified

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INTERPOL Calls for Shift Away from ‘Dehumanising’ Term ‘Pig Butchering’

INTERPOL argues that the term dehumanises and shames victims of such frauds, deterring them from coming forward to seek help and provide information to authorities. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified

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HK Government Asked to Explain ‘Sluggish’ Sales of Retail Infrastructure Bond

Hong Kong officials Christopher Hui and Paul Chan both attributed the undersubscription to a wider range of attractive investment options in the market. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on

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US Imposes More Sanctions Targeting Iran’s Oil Trade & Yemen’s Houthis

The sanctions targets include companies based in Hong Kong, Malaysia and India. Five cryptocurrency wallets were also added to the SDN list. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select

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Korea Announces Measures to Restore FX Market Stability and Strengthen FIs

Banks allowed to borrow more USD overseas; regulations on stress buffer capital and foreign currency liquidity stress tests deferred; risk weighting changes To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial

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