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
Enforcement
Paris Court Orders Crédit Lyonnais to Compensate Scam Victim
28/07/2024
Crédit Lyonnais, a subsidiary of Crédit Agricole, was ordered to pay compensation to a customer who was scammed with fraudulent invoices.
Securities / Derivatives
FMSB Publishes Spotlight Review on Pre-Hedging Practices
28/07/2024
The Spotlight Review offers case studies to provide practical guidance and highlight the nuanced application of pre-hedging principles across different context.
Sanctions
EU Disburses First Funds Generated from Frozen Russian Assets
27/07/2024
The €1.5bn instalment will be used to support Ukraine, in line with an EU-wide agreement on how profits generated from frozen Russian central bank assets can be used.
Enforcement
UK CMA Orders HSBC to Remedy Breaches of Open Banking Rules
27/07/2024
The CMA said Lloyds, TSB and AIB also breached the open banking rules, but the breaches were less extensive and are being addressed.
Fintech / Regtech
US Regulators Request Information from Banks on Fintech Partnerships
27/07/2024
The Fed, FDIC, and OCC asked banks to provide information on their arrangements with third party fintech firms and risk management practices.
Enforcement
OFAC Fines State Street for Sanctions Violations by Subsidiary
27/07/2024
Charles River Systems, acquired by State Street in 2018, redated and reissued invoices for Sberbank and VTB Bank subsidiaries to circumvent sanctions restrictions.
New Reporting Requirements for Super Funds Take Effect in Australia
27/07/2024
ASIC also now has the power to enforce compliance by super funds with accounting and auditing standards, akin to the powers it exercises over listed companies.
AML / KYC
Russian Actors ‘Ubiquitous’ in Global Crypto Crime: TRM Labs
27/07/2024
Sanctioned Russia-based crypto exchange Garantex accounted for 82% of crypto transactions associated with all sanctioned entities internationally in 2023.
Securities / Derivatives
PASLA Publishes APAC Securities Lending Market Guide 2024
26/07/2024
The guide provides information on securities finance markets across APAC, including recommendations for promoting more openness, transparency and efficiency.
Sanctions
Ukraine Calls on Hong Kong to Prevent Sanctions Evasion by Russia
26/07/2024
Hong Kong says it does not implement unilateral sanctions imposed by other countries, but does enforce sanctions imposed by UNSC.
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