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
HK Customs “Smashes” Syndicate That Laundered HK$6b
18/01/2023
A money laundering operation centre was being run from an apartment at a large private housing estate. The syndicate was “successfully smashed”.
Credit Risk
ECB Identifies Weak Risk Management at EU Banks
18/01/2023
The ECB identified “material shortcomings” in how banks manage counterparty credit risks. Banks should “promptly address weaknesses”.
Anti-Money Laundering
UK Linked ‘Golden Visas’ to Crime Years Ago
18/01/2023
A review commissioned in 2018 and “kept secret for years” found a disproportionate number of golden visa applicants were from countries identified as high risk.
Data Privacy
China Releases New Data Standards for Public Fund Disclosures
18/01/2023
Funds should use technology to standardise and digitise disclosures of information on publicly-offered securities investment funds.
Market Abuse
Korea: Tougher Penalties for Unfair Trading Expected Within H1
18/01/2023
Those engaged in unfair trading activities would face either a prison sentence of at least one year or a fine of between three and five times profits.
Structural Regulation
SEBI Proposes to Allow PE Funds to Sponsor Mutual Funds
18/01/2023
The changes will draw fresh capital into the fund industry, encourage more competition, and allow easier exits for existing sponsors.
Resolution & Recovery
Chinese D-SIBs Have $550bn TLAC Shortfall: S&P Global Ratings
18/01/2023
Under rules released in 2021, China’s four G-SIBs will have to hold TLAC equal to 16 percent of their risk-weighted assets by 1 January 2025.
Cryptocurrency
EU: MiCA Vote Delayed Again Until April 2023 – Report
18/01/2023
The delay is reported to be due to technical issues associated with translating the English text into the EU’s 24 official languages.
Supervision & Enforcement
New Zealand: Cigna to Pay Biggest-ever Penalty in FMA Case
18/01/2023
Cigna increased premiums and cover for customers without being clear and transparent about the basis for the increase.
Clearing & Post-Trade
ESMA Adds TAIFEX to List of Recognised Third Country CCPs
18/01/2023
The recognition allows European financial institutions to apply the minimum risk weight of 2 percent for exposures to TAIFEX derivatives.
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