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
US Regulator Files Lawsuit Targeting Zelle and Three Major Banks
24/12/2024
The CFPB says JPMorgan, BofA and Wells Fargo failed to implement anti-fraud safeguards on Zelle, resulting in $870mn in losses to customers over 7 years.
Enforcement
FMA Says Westpac NZ Admitted to Overcharging 24,000 Customers
24/12/2024
The bank self-reported the issue, fully cooperated with the FMA’s investigation, and provided remediation to impacted customers.
Securities / Derivatives
Bursa Malaysia Amends Listing Rules to Integrate ISSB Standards
24/12/2024
Large issuers must use the ISSB Standards for their sustainability disclosures starting with the 1 January 2025 annual reporting period.
JBA Directs Banks to Conduct Inspections on Safe Deposit Boxes
23/12/2024
The notice to banks, which lists specific examples of inspection items, is a response to the theft of over JPY 1 billion from customers’ safe deposit boxes.
Securities / Derivatives
SEBI Extends Agri-Derivatives Trading Suspension for One Month
23/12/2024
The one-month extension, instead of the three one-year extensions seen since 2021, is viewed as a signal that the suspension might be lifted early next year.
Fintech / Regtech
UnionPay, WeChat Pay Collaborate to Make Payments Easier for Foreigners
23/12/2024
Travellers using any of eight overseas e-wallets including HSBC’s PayMe and Naver Pay can now make payments on the mainland by scanning WeChat QR codes.
Fintech / Regtech
ASX Recovers from Worst Market Disruption in Four Years
23/12/2024
No trade settlements took place on Friday due to a “CHESS batch settlement delay”. Engineers had to work through the weekend to resolve the issue.
Sanctions
US Sanctions Four Entities for Supporting Pakistan Missile Programme
23/12/2024
The entities worked to supply equipment and missile‐applicable items to Pakistan’s ballistic missile programme
AML / KYC
Wolfsberg Group Issues Payment Transparency Roles & Responsibilities Guidance
23/12/2024
The guidance aims to help PSPs, regulators, and standard-setters understand their respective obligations in ensuring payment transparency.
Sanctions
China Responds to Canadian Sanctions with Countermeasures
23/12/2024
The measures target two institutions and 20 individuals, responding to Canadian sanctions against several Chinese officials.
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