Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
New York Fed Tightens Rules on Access to Reverse Repo Facility
26/04/2023
The tighter requirements are said to be aimed at preventing stablecoin issuers from parking their reserves at the Fed.
Crypto / Digital Assets
Binance.US Cancels Deal to Acquire Voyager Digital
26/04/2023
The DOJ indicated earlier this week that it was prepared to allow the deal to proceed. Binance.US had the right to cancel if the deal was not closed by 18 April.
Crypto / Digital Assets
Coinbase Asks US Court to Compel SEC to Provide Regulatory Clarity
26/04/2023
Coinbase is asking the court to compel the SEC to a respond to petition filed last year, which asked the regulator to propose and adopt rules for the digital assets sector.
AML / KYC
Swiss Prosecutors Indict Ex-PetroSaudi Executives in 1MDB Case
26/04/2023
The two former executives were paid by Jho Low to set up a joint venture that was used to embezzle $1.8bn from 1MDB.
AML / KYC
US Treasury Sets Out Strategy to Address De-risking
26/04/2023
Regulations could be introduced to require FIs to take financial inclusion into consideration in the design of their AML/CFT programmes.
Fintech / Regtech
HKMA, PBOC Explore Use of CBDC for Cross-border Payments
26/04/2023
HKMA deputy chief Darryl Chan said there is scope to expand the Wealth Management Connect scheme and use CDI data for cross-border finance.
MAS Proposes Stronger Safeguards for Prospecting, Marketing
25/04/2023
FIs that regularly conduct marketing and distribution activities would have to identify senior managers to exert oversight over these activities.
Market Infrastructure
ARRC Allows Expanded Use of Term SOFR for Hedging
25/04/2023
Market participants can use Term SOFR in basis swap transactions even if they are not a direct party to a Term SOFR cash exposure.
Market Infrastructure
Macau Exchange Signs Cooperative Agreement with LuxSE
25/04/2023
Under the agreement, MOX-listed securities can be admitted for listing and trading on LuxSE’s exchange-regulated market, the Euro MTF.
Capital / Liquidity
First Republic Bank Assesses Options to Regain Strength
25/04/2023
Earlier this week, the bank revealed that it witnessed $100bn in deposit outflows in Q1 this year, representing 58 percent of total deposits.
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