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
Anti-Money Laundering
China Seeks Feedback on Draft Revisions to AML Law
29/04/2024
The scope of the law is expanded to cover non-financial businesses and professions and formally adopt the concept of “beneficial ownership”, among other changes.
Resolution & Recovery
FDIC Seizes and Sells Republic First Bancorp in Latest Rescue
29/04/2024
The bank ran into trouble in early 2023 due to high cost pressures, a decline in deposits, a struggling mortgage lending business, and an inability to improve profitability.
Anti-Money Laundering
UK Law Enforcement Gets Stronger Powers to Seize Crypto
29/04/2024
UK law enforcement agencies will be able to seize crypto assets from a suspect without having to make an arrest first.
Trading & Investment
SFC Announces Details of Extended Grant Scheme for OFCs, REITs
29/04/2024
The SFC’s Christina Choi said the extension will “boost Hong Kong’s competitiveness and development as a preferred fund domicile for the industry.”
CBDCs
BOJ Publishes Progress Report on CBDC Pilot Experiment
29/04/2024
The experimental CBDC system will preserve user privacy by requiring intermediaries to separate customer data management from payment functions.
Emerging Prudential Risks
China: ICBC Establishes Armed Forces Department
28/04/2024
The department is meant to serve as a reserve force to respond to natural disasters, help maintain “social order”, and provide support during wartime.
PEPs & Sanctions
UK FCA Proposes Updates to Financial Crime Guide
28/04/2024
The updates cover regulatory expectations on sanctions, proliferation financing, transaction monitoring, and cryptoassets, among other areas.
PEPs & Sanctions
Russia Places Two EU Companies Under Gazprom Management
28/04/2024
Italy’s Ariston and Germany’s BSH Hausgeraete were placed under the management of JSC Gazprom Household Systems.
Anti-Bribery & Corruption
China Investigates Senior CSRC Official for Corruption
27/04/2024
Yao Qian was director of the CSRC’s Science and Technology Supervision Department. An investigation into a Bank of China official was also launched.
Credit Risk
Japan FSA Scrutinising Bank Lending Practices – Reports
27/04/2024
The FSA is concerned that non-performing loans could emerge following the move away from negative interest rates starting last month.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.