Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
FSS Korea to Use Naver’s AI Tech in Supervisory Work
04/04/2024
Under a new MoU, the FSS will be able to use Naver’s technologies to enhance its supervision, monitoring, and inspection activities.
ESG / Sustainability
BCBS to Backtrack on Climate-related Standards – Report
04/04/2024
The BCBS plans to make its standards on disclosures and transition plans optional rather than universally adopted due to US pressure.
Sanctions
Russia-China Business Facing Banking ‘Bottleneck’ – Report
04/04/2024
VTB, the only Russian bank with a fully-fledged branch in China, is dealing with high demand from companies seeking to open accounts to do business with Russia.
Securities / Derivatives
Korea’s First ATS Platform to Launch in Q1 2025 – Report
04/04/2024
Over 20 securities firms have declared their intention to participate in Nextrade’s new ATS market, which was given preliminary approval last July.
Enforcement
Japan SESC Seeks Penalty for HFT Firm Quadeye
04/04/2024
The SESC said Quadeye used “fraudulent means” to engage in high speed trading in TSE-listed stocks.
ESG / Sustainability
Thai SEC Tightens Requirements for Sustainability-related Digital Tokens
04/04/2024
Issues of sustainability-related digital tokens will have to make additional disclosures and engage external reviewers to assess whether sustainability standards are met.
Fintech / Regtech
UK Sets Out Proposed Approach to Digital Securities Sandbox
04/04/2024
The sandbox will allow experimentation with DLT and “may lead to a new permanent regulatory regime for securities settlement”.
ESG / Sustainability
New Zealand to Relax Rules for Green Bond Issuance
04/04/2024
The proposed class exemption would make it easier for listed companies to bring green, social, sustainable, and sustainability-linked bonds to market.
Sanctions
OFAC Removes Former VTB Bank Subsidiary from Sanctions List
04/04/2024
German authorities took control of VTB’s European subsidiary in 2022. The Russian parent was unable to exercise its rights due to sanctions.
Sanctions
More of Central Asia Stops Accepting Russian Mir Cards
04/04/2024
Kyrgyzstan’s national payments operator, and banks in Kazakhstan and Tajikistan, have stopped accepting Mir cards due to sanctions concerns.
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