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
Capital / Liquidity
China’s NFRA Updates Rules for Syndicated Loan Business
19/10/2024
The NFRA said the revised rules, proposed in March, will help to “enhance banks’ enthusiasm for developing syndicated loan businesses”.
Enforcement
DOJ Secures $950m Settlement to Settle Bribery, Fraud Charges
19/10/2024
RTX Corporation, the defence contractor formerly known as Raytheon, defrauded the US government through its billings and paid bribes to secure contracts in Qatar.
Capital / Liquidity
China NFRA Issues Clarifications on Regulations for NBFIs
19/10/2024
The NFRA clarifies that certain NBFIs do not have to comply with the same rules as banks due to their tendency to have fewer shareholders and concentrated shareholdings.
Sanctions
UK Sanctions Another 22 Russian Shadow Fleet Vessels
18/10/2024
The UK also sanctioned Russian gas company Rusgazdobycha JSC, to ratchet up pressure on the Russian gas industry.
Enforcement
OFAC Fines Beverage Company for Violating DPRK Sanctions
18/10/2024
Vietnam Beverage Company Limited subsidiaries sold beer and spirits to North Korea, with the payments processed through US correspondent banks.
Fintech / Regtech
Wise Granted Approval to Join Japan’s Zengin Network
18/10/2024
Wise is the first non-bank and the first foreign financial company to be granted approval to join the Zengin payment network.
Market Infrastructure
DSB Says Australia, Singapore Ready for UPI Reporting
18/10/2024
Australia and Singapore will go live with UPI reporting requirements for OTC derivatives transactions starting from 21 October.
Market Infrastructure
FSB Proposes Common Format for Reporting Operational Incidents
18/10/2024
The FSB has published for consultation a common format which can be used by financial firms to report operational incidents.
Sanctions
OFAC Sanctions Hezbollah Finance Network and Drug Traffickers
17/10/2024
Three individuals linked to Hezbollah’s finance team were sanctioned, along with three others involved in captagon production and trafficking.
Fintech / Regtech
HKMA Publishes Research on GenAI in the Financial Sector
30/09/2024
HKMA survey of industry practitioners found that most FIs are currently focusing on internal applications of GenAI to drive employee productivity.
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