Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Crypto / Digital Assets
UAE Completes First Cross-border Payment Using CBDC
31/01/2024
The transaction was sent to China through the “mBridge” platform, developed by the BIS Innovation Hub, HKMA, CBUAE, BOT, and PBOC.
Enforcement
NYAG Sues Citi for Failing to Protect Customers from Fraud
31/01/2024
NYAG says Citi does not implement strong anti-fraud defences, misleads account holders about their rights, and illegally refuses to reimburse fraud victims.
Sanctions
OFAC Sanctions Egypt, Turkey Nationals for Supporting ISIS
31/01/2024
Two Egyptian nationals created an online platform that provided instructions on donating funds to ISIS-affiliated entities.
Capital / Liquidity
Bank of China to Issue First Non-Capital TLAC Bonds
31/01/2024
Bank of China is the first Chinese D-SIB to disclose its intention to issue non-capital TLAC bonds ahead of a 2025 deadline to meet new capital rules.
Crypto / Digital Assets
BOJ to Catalogue Legal Issues for CBDC by April
31/01/2024
BOJ and Ministry of Finance officials held a meeting to discuss the legal issues that need to be resolved for the issuance of a CBDC.
Securities / Derivatives
Taiwan to Further Shorten Auction Interval for Odd Lot Trading
31/01/2024
The quotation interval was reduced from ten to five seconds in November 2023. The auction interval will now be reduced from one minute to five seconds.
Market Infrastructure
WFE Announces 2024 Priorities For Exchange and Clearing Industry
31/01/2024
The WFE will focus on corporate governance, reinforcing CCPs, ESG issues, and new tech like crypto and AI.
Enforcement
UK PRA Fines HSBC Over Deposit Protection Rule Breaches
31/01/2024
HSBC incorrectly marked eligible accounts as “ineligible” for depositor protection. The fine is the second highest ever imposed by the PRA.
Sanctions
EU Announces Human Rights Sanctions Against Russians
31/01/2024
Russia’s internet censorship agency and its chairperson were sanctioned, along with two judges and a prosecutor.
Sanctions
Australia Commences Review of Autonomous Sanctions Regime
30/01/2024
The review will examine how the autonomous sanctions framework could better support the government’s foreign policy objectives.
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