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
Market Infrastructure
IIB Warns of Extraterritoriality of Treasury Clearing Proposal
31/07/2024
Under a proposed FICC rule, the SEC’s clearing mandate on US Treasury securities would apply to an entire foreign bank, rather than just its US-based branch.
Fintech / Regtech
China Implements Tighter Rules for Non-Bank Payments Platforms
31/07/2024
The rules impose stricter licensing, business management, risk management and user protection requirements on non-bank payment institutions.
Sanctions
OFAC Targets Iran Weapons Programmes With New Sanctions
31/07/2024
The sanctions cover two procurement networks that help Iran obtain components for weapons systems, including Hong Kong and China-based targets.
Enforcement
US Authorities Charge Founder of Crypto Firm BitClout
31/07/2024
Nader Al-Naji faces civil and criminal charges for allegedly lying to investors and misappropriating investments for personal expenses and gifts.
Securities / Derivatives
Japan Seeking More Foreign Participation in JGB Market
31/07/2024
The government reportedly plans to designate brokerage firms to work on outreach activities to attract overseas investors into the JGB market.
AML / KYC
Fed Terminates Enforcement Action Against Silvergate Bank
31/07/2024
The enforcement action has been in effect since May 2023 to protect depositors. Silvergate has since completed its liquidation and wind-down plan and paid back depositors.
Enforcement
UK Court Rules in Mozambique’s Favour in ‘Tuna Bonds’ Case
30/07/2024
The court awarded Mozambique around $825mn, along with an indemnity for over $1bn in debt owed to lenders and bondholders.
AML / KYC
FINMA Examines UBS Process for Vetting Credit Suisse Clients
30/07/2024
UBS has reportedly been providing updates to FINMA on the types of wealth management clients it is on-boarding from Credit Suisse post-acquisition.
Securities / Derivatives
CFTC Expands Access to Foreign Futures for US Investors
30/07/2024
Commissioner Caroline Pham says US market participants will have more choice in brokers and broker arrangements to trade foreign futures.
Enforcement
UK Secures First Forfeiture from Sanctions Evasion Case
30/07/2024
Around $1mn was forfeited after being frozen since 2022. The funds were held by the wife of Petr Aven, a sanctioned Russian oilgarch.
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