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
Crypto / Digital Assets
ECB Establishes Seven New Digital Euro Rulebook Workstreams
20/03/2024
The workstreams are aimed at developing rulebook proposals covering UX standards, a certification and approval framework, risk management, and implementation specifications.
Hong Kong LegCo Passes New National Security Law
20/03/2024
Lawmakers say the law was necessary to protect Hong Kong’s status as an international hub. Critics express concern that it could be used to erode civil liberties.
Enforcement
CFTC Fines US Bank, Oppenheimer for Record Keeping Failures
20/03/2024
US Bank was fined $6mn and Oppenheimer $1mn. Last month, the SEC also announced fines against Oppenheimer and a US Bank affiliate in a related case.
Crypto / Digital Assets
US SEC Secures $21m Settlement from Crypto Lender Genesis
20/03/2024
Genesis will only have to pay the civil penalty after all allowed claims in its bankruptcy are settled, including claims by Gemini Earn investors.
ESG / Sustainability
EU Corporate Sustainability Due Diligence Directive Passes Key Committee
20/03/2024
Compared to the initial proposal, the number of companies in scope has been scaled back, and the financial industry is excluded, among other changes.
PBOC Revises Complaints Handling Procedures for Credit Reporting
20/03/2024
The revised procedures will improve convenience for complainants, reduce the cost of complaints, and help consumers safeguard their credit rights, the PBOC said.
Market Infrastructure
FSS Korea Unveils New Initiatives to Boost Industry’s Cyber Resilience
19/03/2024
The FSS will establish an “autonomous security system” that FIs will be able to use to conduct IT audits and self-inspections to identify security threats.
Securities / Derivatives
Japan FSA Sends Bill to Parliament to Boost Capital Market
19/03/2024
The bill will enable asset managers to outsource middle and back office operations and facilitate the development of a market for unlisted securities.
Enforcement
CSRC to Impose Fine and Lifetime Ban on Evergrande Founder
19/03/2024
The company’s flagship unit, Hengda Real Estate, will also pay a CNY 4.2 billion penalty for inflating revenues and defrauding investors.
Fintech / Regtech
S. Korea Preparing Draft Artificial Intelligence Law: Official
19/03/2024
The draft law will define “high-risk AI”, business operator responsibilities, the composition of AI committees, and ethical principles.
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