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
Korea Confirms Plans to Tighten Lending Rules in September
23/08/2024
Starting in September, the second phase of the ‘Stressed DSR’ rules will apply, and lenders will be required to calculate the DSR for all new household loans.
Crypto / Digital Assets
SFC Finds ‘Unsatisfactory Practices’ at Some Crypto Firms
23/08/2024
The SFC found an overreliance on just a few executives for custody and inadequate safeguards against cybercrime risks.
AML / KYC
Binance and Macau Police Launch Campaign to Combat Scams
23/08/2024
Binance has partnered with the Macau Judiciary Police to launch an anti-scam campaign, aiming to protect users from the risk of fraud in the digital space.
Securities / Derivatives
US SEC Fines Transfer Agent for Failure to Guard Against Cyber Fraud
23/08/2024
The transfer agent’s failures led to more than $6.6mn in losses from two separate cyber intrusions, one of which involved Hong Kong bank accounts.
ESG / Sustainability
Taiwan FSC to Simplify Requirements for FIs’ Annual Reports
22/08/2024
The proposed changes aim to simplify the process of annual report preparation and promote gender diversity among the boards of financial institutions.
Market Infrastructure
HK Securities Firms Set to be Added to Wealth Connect Scheme
22/08/2024
Ten securities companies including China CITIC Securities, CICC, Huatai Securities and GF Securities will initially be added to the scheme.
Sanctions
OFAC Issues Update on Infrastructure Modernisation Initiatives
22/08/2024
OFAC has released updated FAQs to make sanctions compliance easier and launched a new online platform for the public to submit queries.
Fintech / Regtech
China, Vietnam Sign MOU on Cross Border Payment Connectivity
22/08/2024
The PBOC and SBV signed an MOU focusing on local currency settlement, currency swaps, and cross-border payment connectivity.
Enforcement
Latvia Extradites Citizen to Face US Charges for Russian Exports
22/08/2024
Oleg Chistyakov conspired with two US nationals to sell sophisticated avionics equipment to Russian companies, in violation of sanctions.
AML / KYC
South Korea Implements Measures to Prevent Insurance Fraud
22/08/2024
South Korea has intensified its efforts to combat insurance fraud with the enactment of new laws and extensive public awareness campaigns.
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