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
Korea to Issue Guidelines to Encourage Greater Use of KOFR
19/08/2024
The BOK and FSC plan to introduce KOFR-linked overnight index swaps and ultimately restrict the use of CD rates in IRS transactions.
Enforcement
US SEC Fines ATS Operator OTC Link for AML Failings
18/08/2024
OTC Link did not file a single SAR over 38 months. Its AML department consisted of only two individuals who together spent just five hours per month reviewing trading alerts.
Sanctions
China Imposes New Export Controls on Strategic Minerals
18/08/2024
The export controls apply to antimony and related products as well as certain equipment and technologies used in materials science and engineering.
AML / KYC
Myanmar Charges Tycoon Over Use of Scam Centre Proceeds
18/08/2024
The former executive chair of privately owned Yoma Bank allegedly used criminal proceeds from online scam centres to invest in a real estate project.
FSC Korea Issues Guidelines on Protection of Debtors
17/08/2024
Financial companies have until 17 October to finalise internal standards to comply with new requirements under the Personal Debtor Protection Act.
Fintech / Regtech
US Regulator to Crack Down on ‘Time-wasting’ Chatbots Used by FIs
17/08/2024
The CFPB will issue rules or guidance to regulate the use of “ineffective and time-wasting chatbots” by FIs in lieu of customer service.
Fintech / Regtech
Japan FSA to Start Using AI for Monitoring Soundness of FIs
17/08/2024
The new system is being put in place to speed up the detection of issues in the financial system and help prevent financial crises and bank failures.
Capital / Liquidity
Chinese SOE Takes Control of Private Lender Jiangxi Yumin Bank
17/08/2024
The transaction marks the first time a state-owned company has taken control of a private lender in China.
Enforcement
US Man Arrested Over Attempts to Export Aircraft Components to Iran
17/08/2024
Jeffrey Chance Nader falsely identified himself to suppliers as the end user of the components, which he attempted to export to the UAE for transshipment to Iran.
Capital / Liquidity
Thailand to Establish New National Credit Guarantee Agency
17/08/2024
The new agency will assess the credit risk of individual businesses and issue guarantee certificates which can be used to apply for loans from FIs.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team