Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Liquidity Risk
BOK Seeks to Promote Growth in Resident Foreign Currency Deposits
19/08/2024
Foreign currency deposits in Korea only accounted for 5.4% of total deposits at the end of last year, compared to around 20.1 in OECD countries.
PEPs & Sanctions
Lithuania Intensifying Crackdown on Sanctions Evasion Activities
19/08/2024
Over 50 investigations relating to sanctions breaches have been opened in Lithuania. Rulings in several cases have already been issued.
Clearing & Post-Trade
Indonesia to Establish Money Market CCP by End of Year
19/08/2024
Bank Indonesia and eight banks will invest in and help develop the CCP, which will be housed under IDClear, the CCP for the country’s capital market.
PEPs & Sanctions
UK OFSI Issues Additional Guidance on Russia Sanctions
19/08/2024
Among other things, the new FAQs clarify that non-sanctioned Russian nationals and companies in the UK are allowed to open or maintain UK bank accounts.
Structural Regulation
Korea to Issue Guidelines to Encourage Greater Use of KOFR
19/08/2024
The BOK and FSC plan to introduce KOFR-linked overnight index swaps and ultimately restrict the use of CD rates in IRS transactions.
Anti-Money Laundering
US SEC Fines ATS Operator OTC Link for AML Failings
18/08/2024
OTC Link did not file a single SAR over 38 months. Its AML department consisted of only two individuals who together spent just five hours per month reviewing trading alerts.
PEPs & Sanctions
China Imposes New Export Controls on Strategic Minerals
18/08/2024
The export controls apply to antimony and related products as well as certain equipment and technologies used in materials science and engineering.
Anti-Money Laundering
Myanmar Charges Tycoon Over Use of Scam Centre Proceeds
18/08/2024
The former executive chair of privately owned Yoma Bank allegedly used criminal proceeds from online scam centres to invest in a real estate project.
Credit Risk
FSC Korea Issues Guidelines on Protection of Debtors
17/08/2024
Financial companies have until 17 October to finalise internal standards to comply with new requirements under the Personal Debtor Protection Act.
AI Risk & Governance
US Regulator to Crack Down on ‘Time-wasting’ Chatbots Used by FIs
17/08/2024
The CFPB will issue rules or guidance to regulate the use of “ineffective and time-wasting chatbots” by FIs in lieu of customer service.
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