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
Big Picture
Stablecoins Weaken Liquidity Ratios of Banks: ECB Paper
31/07/2024
Banks that issue their own stablecoins or collect deposits from stablecoin issuers would see their liquidity ratios decline.
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.
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