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
Model Risk
Korea Advances Bill to Open Up Corporate Credit Rating Market
22/12/2024
The government approved a revision bill that will abolish a requirement for licensed corporate credit rating providers to be at least 50 percent owned by financial institutions.
Structural Regulation
China Finalises New Regulations for Foreign Accounting Firms
22/12/2024
The regulations allow foreign accounting firms that need to conduct “temporary activities” in China to do so without establishing a representative office, subject to conditions.
Trading & Investment
HK Government Asked to Explain ‘Sluggish’ Sales of Retail Infrastructure Bond
22/12/2024
Hong Kong officials Christopher Hui and Paul Chan both attributed the undersubscription to a wider range of attractive investment options in the market.
PEPs & Sanctions
US Imposes More Sanctions Targeting Iran’s Oil Trade & Yemen’s Houthis
22/12/2024
The sanctions targets include companies based in Hong Kong, Malaysia and India. Five cryptocurrency wallets were also added to the SDN list.
Payments & Settlements
New Zealand Proposes Caps on Visa and Mastercard Interchange Fees
21/12/2024
The Commerce Commission proposed a draft decision which, if implemented, would reduce the fees charged to businesses to receive Visa and Mastercard payments.
PEPs & Sanctions
US, UK Impose Human Rights Sanctions Against Georgian Officials
21/12/2024
The sanctions were imposed over a violent crackdown by Georgia’s government against protestors, opposition figures and members of the media
Stablecoins
US SEC Fines Unit of Jump Trading Over TerraUSD Collapse
21/12/2024
The SEC said Tai Mo Shan Limited deceived the market about TerraUSD’s stability while purchasing the stablecoin to restore its peg.
Payments & Settlements
China Expands Cross-border FX Pilot for Multinational Companies
21/12/2024
The pilot programme launched in March 2021 is being extended to more provinces and the policies are being further streamlined.
Payments & Settlements
Indonesia Launches NFC-based QRIS Tap Payments Trial
20/12/2024
The trial commenced to test contactless QRIS payments on transportation modes in Jakarta. Full implementation planned for Q1 2025
PEPs & Sanctions
OFAC Announces Two New Settlements for Sanctions Violations
20/12/2024
An individual US person violated Magnitsky sanctions and a US manufacturer of musical instruments violated Iran sanctions.
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