The market makers for the trial include Sumitomo Corp, Daiwa Securities, Marubeni Corp, Mizuho Bank, and Mitsui & Co.
A number of CEOs and former CEOs were sanctioned over the mis-selling of funds tied to Lime Asset Management and Optimus Asset Management.
Registered institutions that sell and distribute green and sustainable investment products have 12 months to comply.
The BCBS proposes to provide a common disclosure baseline for climate-related financial risks across internationally active banks.
Taiwan FSC Fines Shanghai Commercial & Savings Bank
November 30, 2023Surge in Retail Investors Spurs Calls for Enhanced Derivatives Regulation
November 30, 2023HKEX Issues Consolidated Guide for New Listing Applicants
November 30, 2023More Foreign Banks Join China’s CBDC Pilot Initiative
November 30, 2023Australian Government Consults on Scams Code Framework
November 30, 2023Tokyo Launches Market Maker Trials for Carbon Market
November 30, 2023Korean Banks, Brokers, Execs Sanctioned Over Mis-sold Funds
November 30, 2023HKMA Sets Standards for Sale of Green & Sustainable Investment Products
November 30, 2023SEBI to Amend Regulatory Framework for Special Situation Funds
November 30, 2023HKMA Fines Local Branch of CA Indosuez for AMLO Breaches
November 30, 2023Surge in Retail Investors Spurs Calls for Enhanced Derivatives Regulation
Nithya Subramanian, Regulation Asia November 30, 2023The Boiling Frog: Finfluencers in the Investment Management Industry
Pankaj Sharma, CFA Institute November 30, 2023Lessons ‘The Wealth of Nations’ Holds For DeFi
Jill Wong, Regulation Asia November 29, 2023Inside ASIC’s Derivatives Reporting Rule Rewrite
August 14, 2023 Manesh Samtani, Regulation Asia
DTCC’s Val Wotton Discusses What You Need to Know About T+1 Settlement
October 16, 2023 Editors, Regulation Asia
Regulation Asia Awards for Excellence 2023 – Results Announcement
November 15, 2023 Editors, Regulation Asia
The Regulation Asia Podcast
April 30, 2023 Editors, Regulation Asia
Governments have "low levels of understanding" on the ML/TF risks posed by illegal fishing, leading to poor AML/CFT responses.
The report says Project Tourbillon shows that it is feasible to implement payer anonymity and "quantum-safe blind signatures".
Tokenised bonds benefit from lower underwriting fees and borrowing costs, exhibit higher liquidity and lower bid-ask spreads, and facilitate price discovery of similar conventional bonds.
The FSC fined Shanghai Commercial and Savings Bank over leaks of personal data involving 14,000 bank customers.
A number of CEOs and former CEOs were sanctioned over the mis-selling of funds tied to Lime Asset Management and Optimus Asset Management.
The HKMA fined CA Indosuez's Hong Kong branch for failing to continuously monitor business relationships with some clients.
Pankaj Sharma and Phoebe Chan discuss the complexities of regulating financial promotions online, finfluencers in particular, and offer recommendations.
The SFC is being accused of playing a "passive role" by not blocking suspicious crypto trading platform Hounax and preventing it from contacting the public.
A total 66 individuals have now been arrested, though they have not yet been charged and have all been released on bail pending investigation.
HSBC, Hang Seng Bank, Fubon Bank and Standard Chartered are participating in China's CBDC pilot initiative.
The report says Project Tourbillon shows that it is feasible to implement payer anonymity and "quantum-safe blind signatures".
APRA outlined multiple areas where improvements can be made to improve the data management practices of banks, insurers, and superannuation trustees.
A meeting with banks and payments firms was convened by federal authorities in the wake of recent disruptions at Uco Bank and Bank of Baroda
The roadmap consists of five pillars, including one focusing on ensuring Islamic banking places emphasis on social welfare alongside profitability.
BCBS report suggests supervisors should consider more forceful measures to incentivise compliance with the principles for effective risk data aggregation and reporting.
Ashish is a banking professional with 23 years of techno-functional experience in Transformation, Digitization, Strategy, Data, Analytics, Business Process Re-engineering, Change and Risk Management across Wealth Management, Private Banking and Consumer Banking.
Bradley is Co-Founder at Regulation Asia, the leading regulatory news intelligence service for the financial sector in APAC. Bradley advises governmental and start-up projects, including several regulated digital assets, climate markets and payments entities.
Previously Bradley oversaw Strategy with SunGard Financial Systems (now FIS), heading up strategic, business planning and product development across Asia, Africa, Latin America and the Middle East. Prior to this, he was a management consultant focused on private equity and alternative assets. He has also been involved in several high-profile research programmes, including assisting the US Treasury Department in accessing the Troubled Asset Relief Program (TARP) instituted following the 2008 global financial crisis.
Bradley is a senior Financial Regulation and Risk Management research fellow with The Guangzhou-Nottingham Advanced Institute of Finance and the Guangzhou University of Finance’s Institute of Financial Employment.
Focused on the broader economic impact of financial regulation, he holds Master’s degrees in Finance, Quantitative Research and Law from New York University’s Stern School of Business, the Hong Kong University of Science and Technology, and the University of Melbourne. He is currently a doctoral candidate at the Swiss Business School in Zurich.
Parsa Khoshdel is an accomplished management consulting professional with more than 11 years of experience in private banking and financial services consulting.
He has extensive experience in driving large scale regulatory business transformation programs in collaboration with leading global financial institutions.
Parsa holds a Masters degree in Financial Engineering from National University of Singapore and is currently leading the PBWM Regulatory Compliance and Risk Management division for Synpulse in APAC.
Jane is a highly motivated and accomplished professional with over a decade of experience in the financial services sector. Beginning her career as a practicing lawyer in Malaysia, she later transitioned to the financial services industry where she assumed responsibility for overseeing regulatory compliance and risk management.
Prior to her current role at Charles Monat Associates, Jane served as the Head of Compliance at both AAM Advisory and St. James’s Place Singapore, where she established robust policies and standards that were successfully integrated throughout the organisations.
Throughout her career, Jane has worked closely with advisors and business stakeholders to ensure that clients can easily conduct business with the firm while maintaining compliance with all regulatory requirements.
Osvaldo is a Suitability & Wealth Management SME for NICE Actimize. Prior to joining NICE, he was a Financial Consultant with Fidelity Investments, where he helped retail and HNWI clients define their financial goals and provided them with financial planning concepts and solutions to meet those goals.
Before Fidelity, Osvaldo served around ten years at TIAA, working on the institutional side of the business for four years and the Wealth Management space for around six years. During his tenure at TIAA, he was a part of projects and pilots catering specifically to DOL and Suitability changes, including regulatory requirements and user interface.
Before joining TIAA, he was a Financial Advisor with Wells Fargo Advisors for two years, responsible for the Wealth Management offering out of 5 offices. Osvaldo began his career as a Financial Advisor at Bank of America / Merrill Lynch for around seven years, where he was responsible for running a Wealth Management practice across six offices.
Osvaldo has a bachelor’s degree in Finance from New Jersey City University. He also holds a Series 7, 63, 65, and Life & Health Producers licenses from the state of New Jersey.
Mr Ken Nagatsuka is the Executive Director and Head of Payments Department at the Monetary Authority of Singapore (MAS). The department is responsible for the authorisation, ongoing supervision and policy-making in relation to payment systems and payment service providers, such as e-money issuers, remittance providers and digital payment token (more commonly known as cryptocurrency) service providers under the Payments Services Act.
Prior to this, Mr Nagatsuka has worked in the field of capital markets regulation for over 15 years, and was previously Head of the Capital Markets Policy Division responsible for policy formulation and reviewing legislation in relation to capital markets and market infrastructures. In his role, he represented MAS on various international committees under the FSB, CPMI and IOSCO, on subjects such as OTC derivatives reforms and financial market infrastructures. Prior to that, he also served in various roles in exchange and clearing house supervisory functions.
Mr Nagatsuka holds both a Bachelor of Business Management and Bachelor of Science in Economics from the Singapore Management University.
Ari Redbord is Head of Legal and Government Affairs at TRM Labs, a blockchain analytics company. Prior to joining TRM Labs, he served as a Senior Advisor to the Deputy Secretary and the Under Secretary for Terrorism and Financial Intelligence at the United States Department of Treasury. In this capacity, he worked with teams from the Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC), and other Treasury and interagency components on issues related to sanctions, the Bank Secrecy Act, cryptocurrency, and anti-money laundering strategies.
Previously, Mr. Redbord served as a Senior Assistant United States Attorney for the District of Columbia, where he investigated and prosecuted cases related to cryptocurrency, terrorist financing, sanctions evasion, export control, child exploitation and human trafficking. He has received numerous awards from FinCEN, the FBI, and the United States Attorney’s Office, including the Attorney General’s Award for leading an interagency task force dedicated to prosecuting those who abuse and exploit children.