Unit 7: Regulatory Compliance for Financial Markets in Asia-Pacific
Expert-defined terms from the Professional Certificate in Regulatory Compliance in Asia-Pacific course at London School of Business and Administration. Free to read, free to share, paired with a professional course.
ABAC stands for Anti #
Bribery and Anti-Corruption, which refers to a set of laws, regulations, and standards designed to prevent bribery and corruption in business and government. Related terms include FCPA and UK Bribery Act, which are laws that prohibit bribery and corruption. ABAC compliance is essential for companies operating in the Asia-Pacific region, where corruption is a significant risk. Companies must implement effective ABAC programs to prevent, detect, and respond to bribery and corruption.
ACCC stands for Australian Competition and Consumer Commission, which is a regul… #
Related terms include ASIC and APRA, which are regulatory agencies responsible for enforcing securities and banking laws in Australia. The ACCC plays a critical role in promoting competition and consumer protection in the Australian economy.
AML stands for Anti #
Money Laundering, which refers to a set of laws, regulations, and standards designed to prevent money laundering and terrorist financing. Related terms include CFT and KYC, which are essential components of AML compliance. AML compliance is critical for financial institutions operating in the Asia-Pacific region, where money laundering and terrorist financing are significant risks. Financial institutions must implement effective AML programs to prevent, detect, and respond to money laundering and terrorist financing.
APRA stands for Australian Prudential Regulation Authority, which is a regulator… #
Related terms include ASIC and ACCC, which are regulatory agencies responsible for enforcing securities and competition laws in Australia. APRA plays a critical role in promoting financial stability and prudence in the Australian economy.
ASIC stands for Australian Securities and Investments Commission, which is a reg… #
Related terms include APRA and ACCC, which are regulatory agencies responsible for enforcing banking and competition laws in Australia. ASIC plays a critical role in promoting investor protection and market integrity in the Australian economy.
BIS stands for Bank for International Settlements, which is an international fin… #
Related terms include Basel Accords and financial regulation, which are essential components of global financial stability. The BIS plays a critical role in promoting global financial stability and cooperation among its member countries.
Basel Accords refer to a set of international banking regulations developed by t… #
Related terms include BIS and financial regulation, which are essential components of global financial stability. The Basel Accords provide a framework for banking regulation and supervision, with the aim of promoting financial stability and cooperation among its member countries.
CBRC stands for China Banking Regulatory Commission, which is a regulatory agenc… #
Related terms include CSRC and CBRC, which are regulatory agencies responsible for enforcing securities and banking laws in China. The CBRC plays a critical role in promoting financial stability and prudence in the Chinese economy.
CFT stands for Combating the Financing of Terrorism, which refers to a set of la… #
Related terms include AML and KYC, which are essential components of CFT compliance. CFT compliance is critical for financial institutions operating in the Asia-Pacific region, where terrorist financing is a significant risk. Financial institutions must implement effective CFT programs to prevent, detect, and respond to terrorist financing.
CSRC stands for China Securities Regulatory Commission, which is a regulatory ag… #
Related terms include CBRC and CSRC, which are regulatory agencies responsible for enforcing banking and securities laws in China. The CSRC plays a critical role in promoting investor protection and market integrity in the Chinese economy.
Data Protection refers to the laws, regulations, and standards designed to prote… #
Related terms include GDPR and PDPA, which are laws that protect personal data and privacy. Data protection is essential for companies operating in the Asia-Pacific region, where personal data and privacy are increasingly important. Companies must implement effective data protection programs to prevent, detect, and respond to data breaches.
FCPA stands for Foreign Corrupt Practices Act, which is a law that prohibits bri… #
Related terms include ABAC and UK Bribery Act, which are laws that prohibit bribery and corruption. FCPA compliance is essential for companies operating in the Asia-Pacific region, where corruption is a significant risk. Companies must implement effective FCPA programs to prevent, detect, and respond to bribery and corruption.
Financial Regulation refers to the laws, regulations, and standards designed to… #
Related terms include BIS and Basel Accords, which are essential components of global financial stability. Financial regulation is critical for promoting financial stability and cooperation among countries, and for preventing financial crises.
Fintech stands for Financial Technology, which refers to the use of technology t… #
Related terms include Regtech and Insurtech, which are essential components of fintech. Fintech is increasingly important in the Asia-Pacific region, where technological innovation is transforming the financial services industry. Companies must implement effective fintech strategies to remain competitive and innovative.
FSB stands for Financial Stability Board, which is an international organization… #
The FSB plays a critical role in promoting global financial stability and cooperation among its member countries.
HKMA stands for Hong Kong Monetary Authority, which is a regulatory agency respo… #
Related terms include SFC and HKEX, which are regulatory agencies responsible for enforcing securities and exchange laws in Hong Kong. The HKMA plays a critical role in promoting financial stability and prudence in the Hong Kong economy.
IAIS stands for International Association of Insurance Supervisors, which is an… #
Related terms include IAIS and insurance regulation, which are essential components of global insurance stability. The IAIS plays a critical role in promoting global insurance stability and cooperation among its member countries.
IOSCO stands for International Organization of Securities Commissions, which is… #
Related terms include IOSCO and securities regulation, which are essential components of global securities stability. The IOSCO plays a critical role in promoting global securities stability and cooperation among its member countries.
KYC stands for Know Your Customer, which refers to a set of laws, regulations, a… #
Related terms include AML and CFT, which are essential components of KYC compliance. KYC compliance is critical for financial institutions operating in the Asia-Pacific region, where money laundering and terrorist financing are significant risks. Financial institutions must implement effective KYC programs to prevent, detect, and respond to money laundering and terrorist financing.
MAS stands for Monetary Authority of Singapore, which is a regulatory agency res… #
Related terms include SGX and SGX, which are regulatory agencies responsible for enforcing exchange and securities laws in Singapore. The MAS plays a critical role in promoting financial stability and prudence in the Singapore economy.
Money Laundering refers to the act of concealing or disguising the source of fun… #
Related terms include AML and CFT, which are essential components of money laundering prevention. Money laundering is a significant risk in the Asia-Pacific region, where financial institutions must implement effective AML programs to prevent, detect, and respond to money laundering.
PDPA stands for Personal Data Protection Act, which is a law that protects perso… #
Related terms include GDPR and data protection, which are laws that protect personal data and privacy. PDPA compliance is essential for companies operating in the Asia-Pacific region, where personal data and privacy are increasingly important. Companies must implement effective PDPA programs to prevent, detect, and respond to data breaches.
Regtech stands for Regulatory Technology, which refers to the use of technology… #
Related terms include Fintech and Insurtech, which are essential components of regtech. Regtech is increasingly important in the Asia-Pacific region, where technological innovation is transforming the regulatory compliance industry. Companies must implement effective regtech strategies to remain competitive and innovative.
SFC stands for Securities and Futures Commission, which is a regulatory agency r… #
Related terms include HKMA and HKEX, which are regulatory agencies responsible for enforcing banking and exchange laws in Hong Kong. The SFC plays a critical role in promoting investor protection and market integrity in the Hong Kong economy.
SGX stands for Singapore Exchange, which is a stock exchange and regulatory agen… #
Related terms include MAS and SGX, which are regulatory agencies responsible for enforcing banking and securities laws in Singapore. The SGX plays a critical role in promoting investor protection and market integrity in the Singapore economy.
UK Bribery Act refers to a law that prohibits bribery and corruption in business… #
Related terms include ABAC and FCPA, which are laws that prohibit bribery and corruption. UK Bribery Act compliance is essential for companies operating in the Asia-Pacific region, where corruption is a significant risk. Companies must implement effective UK Bribery Act programs to prevent, detect, and respond to bribery and corruption.
Unit Trust refers to a type of investment fund that pools money from multiple in… #
Related terms include Mutual Fund and Collective Investment Scheme, which are types of investment funds that pool money from multiple investors to invest in a diversified portfolio of assets. Unit trusts are popular investment products in the Asia-Pacific region, where investors seek diversified and professionally managed investment portfolios.
Whistleblower refers to an individual who reports wrongdoing or misconduct withi… #
Related terms include Whistleblower Protection and Whistleblower Policy, which are essential components of whistleblower protection. Whistleblower protection is critical for promoting corporate governance and compliance in the Asia-Pacific region, where whistleblowers play a vital role in detecting and preventing wrongdoing and misconduct. Companies must implement effective whistleblower protection programs to encourage whistleblowers to report wrongdoing and misconduct.
XBRL stands for eXtensible Business Reporting Language, which is a language used… #
Related terms include Financial Reporting and Data Exchange, which are essential components of XBRL. XBRL is increasingly important in the Asia-Pacific region, where financial institutions and companies must submit financial reports and data to regulatory agencies. Companies must implement effective XBRL strategies to remain compliant and efficient in financial reporting and data exchange.
ASEAN stands for Association of Southeast Asian Nations, which is a regional org… #
Related terms include ASEAN Economic Community and ASEAN Single Window, which are essential components of ASEAN integration. ASEAN is a critical region for trade and investment in the Asia-Pacific region, where companies must navigate complex regulatory environments and trade agreements.
Asian Financial Crisis refers to a financial crisis that occurred in 1997 #
1998, which affected several countries in the Asia-Pacific region. Related terms include Global Financial Crisis and Financial Stability, which are essential components of financial crisis prevention. The Asian Financial Crisis highlighted the importance of financial stability and cooperation in the Asia-Pacific region, where countries must work together to prevent and respond to financial crises.
Banking Regulation refers to the laws, regulations, and standards designed to pr… #
Related terms include Banking Supervision and Banking Compliance, which are essential components of banking regulation. Banking regulation is critical for promoting financial stability and cooperation in the Asia-Pacific region, where banks play a vital role in the economy.
Capital Adequacy refers to the requirement for banks to maintain a minimum level… #
Related terms include Capital Requirement and Capital Adequacy Ratio, which are essential components of capital adequacy. Capital adequacy is critical for promoting banking stability and prudence in the Asia-Pacific region, where banks must maintain sufficient capital to absorb potential losses.
Collective Investment Scheme refers to a type of investment fund that pools mone… #
Related terms include Unit Trust and Mutual Fund, which are types of investment funds that pool money from multiple investors to invest in a diversified portfolio of assets. Collective investment schemes are popular investment products in the Asia-Pacific region, where investors seek diversified and professionally managed investment portfolios.
Compliance Officer refers to an individual responsible for ensuring that an orga… #
Related terms include Compliance Program and Compliance Policy, which are essential components of compliance. Compliance officers play a critical role in promoting corporate governance and compliance in the Asia-Pacific region, where companies must navigate complex regulatory environments.
Consumer Protection refers to the laws, regulations, and standards designed to p… #
Related terms include Consumer Rights and Consumer Protection Agency, which are essential components of consumer protection. Consumer protection is critical for promoting fair competition and consumer welfare in the Asia-Pacific region, where consumers must be protected from unfair or deceptive practices.
Corporate Governance refers to the system of rules, practices, and processes by… #
Related terms include Corporate Governance Code and Corporate Governance Framework, which are essential components of corporate governance. Corporate governance is critical for promoting transparency, accountability, and fairness in the Asia-Pacific region, where companies must operate with integrity and transparency.
Credit Rating Agency refers to an organization that assigns credit ratings to co… #
Related terms include Credit Rating and Credit Score, which are essential components of credit rating. Credit rating agencies play a critical role in promoting transparency and accountability in the Asia-Pacific region, where credit ratings are used to assess creditworthiness.
Data Privacy refers to the laws, regulations, and standards designed to protect… #
Related terms include Data Protection and PDPA, which are essential components of data privacy. Data privacy is critical for promoting consumer trust and confidence in the Asia-Pacific region, where personal data and privacy are increasingly important.
Derivative refers to a financial instrument that derives its value from an under… #
Related terms include Derivative Contract and Derivative Trading, which are essential components of derivatives. Derivatives are popular financial products in the Asia-Pacific region, where investors seek to manage risk and speculate on price movements.
Electronic Trading refers to the use of electronic platforms for buying and sell… #
Related terms include Online Trading and Electronic Exchange, which are essential components of electronic trading. Electronic trading is increasingly important in the Asia-Pacific region, where technological innovation is transforming the financial services industry.
Financial Inclusion refers to the access to financial services and products for… #
Related terms include Financial Literacy and Financial Education, which are essential components of financial inclusion. Financial inclusion is critical for promoting economic growth and development in the Asia-Pacific region, where access to financial services and products is essential for economic participation.
Financial Literacy refers to the knowledge and skills required to manage persona… #
Related terms include Financial Education and Financial Inclusion, which are essential components of financial literacy. Financial literacy is critical for promoting consumer protection and welfare in the Asia-Pacific region, where consumers must make informed decisions about financial products and services.
Financial Reporting refers to the process of preparing and disclosing financial… #
Related terms include Financial Statement and Financial Disclosure, which are essential components of financial reporting. Financial reporting is critical for promoting transparency and accountability in the Asia-Pacific region, where companies must provide accurate and reliable financial information to stakeholders.
Foreign Direct Investment refers to the investment in a foreign country by a com… #
Related terms include Foreign Investment and Foreign Ownership, which are essential components of foreign direct investment. Foreign direct investment is critical for promoting economic growth and development in the Asia-Pacific region, where foreign investment can bring capital, technology, and expertise.
Fund Manager refers to an individual or organization responsible for managing a… #
Related terms include Investment Manager and Portfolio Manager, which are essential components of fund management. Fund managers play a critical role in promoting investor protection and market integrity in the Asia-Pacific region, where investors seek professional management of their assets.
Hedging refers to the use of financial instruments to manage risk and reduce pot… #
Related terms include Risk Management and Derivative, which are essential components of hedging. Hedging is critical for promoting financial stability and cooperation in the Asia-Pacific region, where companies and investors must manage risk and uncertainty.
Insider Trading refers to the buying or selling of securities by individuals wit… #
Related terms include Insider Dealing and Market Abuse, which are essential components of insider trading. Insider trading is a significant risk in the Asia-Pacific region, where companies must prevent and detect insider trading to maintain market integrity.
Insurance Regulation refers to the laws, regulations, and standards designed to… #
Related terms include Insurance Supervision and Insurance Compliance, which are essential components of insurance regulation. Insurance regulation is critical for promoting financial stability and cooperation in the Asia-Pacific region, where insurance companies play a vital role in the economy.
Investment Advisor refers to an individual or organization that provides investm… #
Related terms include Financial Advisor and Wealth Manager, which are essential components of investment advice. Investment advisors play a critical role in promoting investor protection and market integrity in the Asia-Pacific region, where investors seek professional advice on investment decisions.
Market Abuse refers to the manipulation or distortion of financial markets, incl… #
Related terms include Insider Trading and Market Manipulation, which are essential components of market abuse. Market abuse is a significant risk in the Asia-Pacific region, where companies must prevent and detect market abuse to maintain market integrity.
Market Infrastructure refers to the systems, institutions, and processes that su… #
Related terms include Market Regulation and Market Supervision, which are essential components of market infrastructure. Market infrastructure is critical for promoting financial stability and cooperation in the Asia-Pacific region, where financial markets play a vital role in the economy.
Money Market refers to the market for short #
term debt securities, including commercial paper and treasury bills. Related terms include Capital Market and Foreign Exchange Market, which are essential components of money market. Money markets are critical for promoting financial stability and cooperation in the Asia-Pacific region, where companies and investors must manage liquidity and risk.
Mutual Fund refers to a type of investment fund that pools money from multiple i… #
Related terms include Unit Trust and Collective Investment Scheme, which are types of investment funds that pool money from multiple investors to invest in a diversified portfolio of assets. Mutual funds are popular investment products in the Asia-Pacific region, where investors seek diversified and professionally managed investment portfolios.
Offshore Banking refers to the provision of banking services to clients outside… #
Related terms include Offshore Finance and Offshore Investment, which are essential components of offshore banking. Offshore banking is critical for promoting financial stability and cooperation in the Asia-Pacific region, where companies and investors must manage cross-border transactions and investments.
Payment System refers to the system of institutions, instruments, and procedures… #
Related terms include Payment Processing and Payment Settlement, which are essential components of payment systems. Payment systems are critical for promoting financial stability and cooperation in the Asia-Pacific region, where companies and investors must manage liquidity and risk.
Private Equity refers to the investment in private companies, including venture… #
Related terms include Venture Capital and Buyout, which are essential components of private equity. Private equity is critical for promoting economic growth and development in the Asia-Pacific region, where private equity can bring capital, expertise, and innovation to private companies.
Regulatory Capital refers to the minimum amount of capital required by regulator… #
Related terms include Capital Adequacy and Capital Requirement, which are essential components of regulatory capital. Regulatory capital is critical for promoting banking stability and prudence in the Asia-Pacific region, where banks must maintain sufficient capital to absorb potential losses.
Risk Management refers to the process of identifying, assessing, and mitigating… #
Related terms include Risk Assessment and Risk Mitigation, which are essential components of risk management. Risk management is critical for promoting financial stability and cooperation in the Asia-Pacific region, where companies and investors must manage risk and uncertainty.
Securities Exchange refers to a platform for buying and selling securities, incl… #
Related terms include Stock Exchange and Derivative Exchange, which are essential components of securities exchange. Securities exchanges are critical for promoting investor protection and market integrity in the Asia-Pacific region, where investors seek to buy and sell securities in a fair and transparent manner.
Securitization refers to the process of packaging and selling securities backed… #
Related terms include Asset-Backed Security and Mortgage-Backed Security, which are essential components of securitization. Securitization is critical for promoting financial stability and cooperation in the Asia-Pacific region, where companies and investors must manage risk and liquidity.
Systemic Risk refers to the risk of collapse of the entire financial system, inc… #
Related terms include Systemic Stability and Financial Stability, which are essential components of systemic risk. Systemic risk is critical for promoting financial stability and cooperation in the Asia-Pacific region, where regulators must monitor and manage systemic risk to prevent financial crises.
Trade Finance refers to the financing of international trade, including letters… #
Related terms include Export Finance and Import Finance, which are essential components of trade finance. Trade finance is critical for promoting economic growth and development in the Asia-Pacific region, where international trade is a significant driver of economic activity.
Transaction Banking refers to the provision of banking services to support corpo… #
Related terms include Cash Management and Trade Finance, which are essential components of transaction banking. Transaction banking is critical for promoting financial stability and cooperation in the Asia-Pacific region, where companies must manage liquidity and risk.
Venture Capital refers to the investment in early #
stage companies, including startups and growth-stage companies. Related terms include Private Equity and Angel Investing, which are essential components of venture capital. Venture capital is critical for promoting economic growth and development in the Asia-Pacific region, where venture capital can bring capital, expertise, and innovation to early-stage companies.
Wealth Management refers to the provision of financial services to high net wort… #
Related terms include Private Banking and Investment Management, which are essential components of wealth management. Wealth management is critical for promoting financial stability and cooperation in the Asia-Pacific region, where high net worth individuals and families must manage their wealth and assets effectively.