Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
BSP to Enhance Reporting Rules for Money Services Businesses
06/03/2024
MSBs would also need to notify the BSP within five days of any event which may have a significant negative impact on their business or reputation.
Securities / Derivatives
Bursa Malaysia to Launch New Soyoil Futures on 18 March
06/03/2024
The new futures contract is made possible by a licensing agreement signed with the Dalian Commodity Exchange last year.
Sanctions
OFAC Sanctions Members of Spyware Consortium
06/03/2024
The consortium’s spyware and surveillance tools were used to target US officials, journalists, and policy experts.
Securities / Derivatives
China: Major Insurers Ready to Invest in Stock Market
06/03/2024
China Life Insurance and New China Life Insurance have finished setting up a new fund that will be used to invest in and support the stock market.
Securities / Derivatives
CSRC Grants New Approval to Morgan Stanley Securities Unit
06/03/2024
The approval allows Morgan Stanley Securities (China) to engage in securities investment consulting and proprietary securities business.
Sanctions
BRICS Nations to Create Blockchain-based Payment System
05/03/2024
The move aimed at increasing the role of the BRICS in the international monetary system and reducing reliance on US dollars.
Crypto / Digital Assets
Deutsche Börse Launches Institutional Crypto Trading Platform
05/03/2024
Trading on the Deutsche Börse Digital Exchange will initially take place on an RfQ basis, followed by multilateral trading.
Enforcement
Coal Miner Challenges Australia Sanctions Regime in Court
05/03/2024
Tigers Realm Coal produces coal in Russia but does not directly export it. DFAT alleges breach of sanctions, which Tigers Realm has challenged.
Sanctions
UK Launches Inquiry to Assess Russia Sanctions Programme
05/03/2024
The inquiry will also explore the confiscation of frozen Russian assets and whether sanctions should cover buyers of Russian oil and gas.
Big Picture
BIS Explores Design Features of Fast Payment Systems
05/03/2024
New BIS article outlines the main design features of fast payment systems that may foster adoption, such as allowing non-bank participation.
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