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
Cybersecurity
SEC Settles ICBC Recordkeeping Charges from 2023 Cyber Incident
03/12/2024
ICBC failed to keep its books and records current for almost four months following the November 2023 ransomware attack. No penalty was imposed.
PEPs & Sanctions
Former CEO Pleads Guilty to Violating US Export Controls
03/12/2024
The former CEO of a freight forwarding company made over 1,000 shipments to Chinese companies on the Entity List that were dealing with North Korea.
Fraud, Scams & Cybercrime
India: RBIH Wants Banks to Use AI to Detect Mule Accounts
03/12/2024
The Reserve Bank Innovation Hub is reportedly in talks with ten public and private banks about adopting its “Mulehunter.Ai” tool to identify mule accounts.
PEPs & Sanctions
US Targets China Chip Production With New Export Controls
03/12/2024
The controls aim to further impair China’s ability to procure and produce technology for its military modernisation, WMD programmes, and ability to repress human rights.
Capital Adequacy
HKMA Revises Guideline for Bank on Capital Adequacy Regime
03/12/2024
The revised SPM module incorporates changes to align with the Basel III final reforms which take effect from 1 January 2025.
Structural Regulation
Australia Passes Legislation on Tax Transparency and Global Minimum Tax
03/12/2024
Certain multinational enterprises will begin public country-by-country reporting of tax and other financial information, backdated from 1 July 2024.
Liquidity Risk
PBOC Works to Ease Funding Pressure Through Liquidity Injections
03/12/2024
The PBOC conducted ¥800bn in outright reverse repo transactions and bought a net ¥200bn of sovereign bonds in November. An RRR cut is likely still needed.
PEPs & Sanctions
BRICS Nations Face ‘100% Tariffs’ if They Move Away from USD
02/12/2024
President-elect Trump said the BRICS nations will face “100% Tariffs” if they create a new BRICS currency or back any other currency to replace the US dollar.
Trading & Investment
SEBI to Make Stock Exchanges Interoperable to Guard Against Outages
02/12/2024
The NSE and BSE will act as alternative trading venues for each other when a technical glitch or outage occurs at either exchange.
CBDCs
Iran Launch of CBDC to Combat Sanctions is ‘Imminent’ – Report
02/12/2024
The Central Bank of Iran also recently launched a SWIFT alternative, the “ACU-MIR” system, which is enabling transactions with countries such as India and Pakistan.
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