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
ESG / Sustainability
IAIS Launches Third Public Consultation on Climate Risk
22/03/2024
The consultation addresses issues relating to corporate governance, risk management and internal controls, valuation, investment policy and enterprise risk management.
Crypto / Digital Assets
US SEC Seeking Information About Ethereum Foundation – Reports
22/03/2024
The SEC has issued subpoenas to companies asking about their dealings with the foundation, purportedly in relation to the possible classification of Ethereum as a security.
Capital / Liquidity
China Tightens Rules for Consumer Finance Companies
22/03/2024
The minimum registered capital is more than tripled to CNY 1 billion, and the major investors must have at least a 50% equity stake, compared to 30% previously.
Sanctions
US, Türkiye Agree on New ‘Sanctions Compliance Scheme’
22/03/2024
Under the new scheme, the US will allow Turkish authorities to first investigate potential sanctions violations before action is taken against Turkish companies.
Sanctions
More Chinese Banks Stop Accepting Russian Payments – Reports
22/03/2024
Ping An Bank, Bank of Ningbo, Guangfa Bank and Shenzhen Rural Commercial Bank are among those that have all stopped accepting yuan payments from Russia.
Sanctions
US Pressure Forces Austria’s Raiffeisen to Back Out of Russia Deal
22/03/2024
The deal would have helped to reduce Raiffeisen Bank’s exposure to Russia, but it would have involved a transaction with a sanctioned Russian oligarch.
Sanctions
OFAC Sanctions Nicaragua’s Attorney General for Corrupt Practices
21/03/2024
OFAC said Nicaragua’s Attorney General facilitated the theft of real property formerly belonging to independent media outlets, NGOs, and political prisoners.
AML / KYC
Top HK Official Addresses Frozen Remittances in Mainland China
21/03/2024
94 of 161 cases of frozen remittances from 2023 have been resolved as a result of the Customs and Excise Department’s intervention and bilateral negotiation.
Fintech / Regtech
Thailand Opens Applications for Virtual Bank Licences
21/03/2024
True Corp, Gulf Energy Development and Siam Commercial Bank’s holding company are among those planning to apply for a licence.
HSBC Wins Taiwan Approval to Serve High-net-worth Clients
21/03/2024
HSBC is the first foreign bank subsidiary in Taiwan to receive the approval to offer wealth management services to high-net-worth clients.
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