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
Enforcement
Chinese Authorities Arrest Former Chairman of Everbright Group
15/10/2023
Li Xiaopeng was placed under investigation in April. His arrest comes days after he was expelled from the CCP.
Enforcement
ASIC Wins ‘Landmark’ Case Over ANZ’s 2015 Share Placement
15/10/2023
The Federal Court said ANZ breached the law by failing to disclose that its underwriters took up nearly a third of its 2015 share placement.
Sanctions
OFAC Issues First Sanctions for Breaches of Russia Oil Price Cap
15/10/2023
A new advisory was also released offering recommendations to the maritime industry and related sectors to enhance compliance with the price caps.
Korea FSS to Continue ‘High-intensity Supervision’ of Banks
15/10/2023
The FSS shared the results of self-inspections by banks to assess their internal controls for preventing embezzlement and other ‘financial accidents’.
Market Infrastructure
ESMA Proposes Fee Changes for Tier 1 Third Country CCPs
15/10/2023
Tier 1 third-country CCPs would be allocated annual fees via a weighting factor which depends on global turnover.
Securities / Derivatives
LME, SHFE to Collaborate on Product Innovation
13/10/2023
The exchanges will work together in product innovation to betterThe exchanges will work together to “better serve international participants in risk management and price discovery”. serve international participants in risk management and price discovery.
Enforcement
UK FCA Seeks to Fine & Ban Former CEO of Barclays
13/10/2023
The FCA said James Staley “recklessly approved” a letter to the FCA containing misleading statements about his relationship with Jeffrey Epstein.
AML / KYC
Bank of Baroda Ordered to Halt Mobile App Onboarding
13/10/2023
The action comes after it was reported in July that some bank employees onboarded fake customers to meet sign-up targets.
Crypto / Digital Assets
Japan Consortium to Launch Digital Currency in July 2024
13/10/2023
A consortium of Japanese firms plans to launch the DCJPY, a digital currency backed by JPY bank deposits, by July 2024.
Fintech / Regtech
Australia to Regulate Digital Payment Providers
12/10/2023
The RBA will regulate new and emerging payments systems the same way as credit cards, EFTPOS and other transactions.
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