Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
BOJ Raises Interest Rate to Highest Level Since 2008
01/08/2024
The BOJ also said it would gradually reduce its monthly bond buying from JPY 6 trillion to JPY 3 trillion by Q1 2026.
Enforcement
Prominent Short Seller Andrew Left Charged for Securities Fraud
31/07/2024
The DOJ and SEC said Andrew Left used social media and TV appearances to promote his trades, manipulate the market, and “make fast, easy money”.
Crypto / Digital Assets
US Lawmaker Proposes to Create Strategic Bitcoin Reserve
31/07/2024
A Hong Kong lawmaker said including Bitcoin in the city’s strategic financial reserves is something that should be considered.
Securities / Derivatives
HKFE to Standardise Automatic Strike Listing Rules for Options
31/07/2024
Rule change will enable automatic strike listing based on daily underlying price movements all the way through to expiry for monthly option contracts.
Japan, Netherlands Sign MoC on Banking Supervision
31/07/2024
Japan’s FSA and the Dutch central bank agree to cooperate and exchange information necessary for the supervision of banks that operate in both jurisdictions.
Sanctions
Austria’s Raiffeisen Working to Sell 60pc of Russian Unit
31/07/2024
Raiffeisen is trying to coordinate with Russian, European and US authorities to sell a 60% stake in its Russian unit.
Enforcement
Six US Banks Agree to Settle Antitrust Litigation for $80m
31/07/2024
The banks allegedly colluded to bid up bond prices at auction and then sell those bonds at inflated prices to pension funds and other investors.
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.
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