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
Clearing & Post-Trade
IIB Warns of Extraterritoriality of Treasury Clearing Proposal
31/07/2024
Under a proposed FICC rule, the SEC’s clearing mandate on US Treasury securities would apply to an entire foreign bank, rather than just its US-based branch.
Payments & Settlements
China Implements Tighter Rules for Non-Bank Payments Platforms
31/07/2024
The rules impose stricter licensing, business management, risk management and user protection requirements on non-bank payment institutions.
PEPs & Sanctions
OFAC Targets Iran Weapons Programmes With New Sanctions
31/07/2024
The sanctions cover two procurement networks that help Iran obtain components for weapons systems, including Hong Kong and China-based targets.
Fraud, Scams & Cybercrime
US Authorities Charge Founder of Crypto Firm BitClout
31/07/2024
Nader Al-Naji faces civil and criminal charges for allegedly lying to investors and misappropriating investments for personal expenses and gifts.
Trading & Investment
Japan Seeking More Foreign Participation in JGB Market
31/07/2024
The government reportedly plans to designate brokerage firms to work on outreach activities to attract overseas investors into the JGB market.
Supervision & Enforcement
Fed Terminates Enforcement Action Against Silvergate Bank
31/07/2024
The enforcement action has been in effect since May 2023 to protect depositors. Silvergate has since completed its liquidation and wind-down plan and paid back depositors.
Anti-Bribery & Corruption
UK Court Rules in Mozambique’s Favour in ‘Tuna Bonds’ Case
30/07/2024
The court awarded Mozambique around $825mn, along with an indemnity for over $1bn in debt owed to lenders and bondholders.
KYC & CDD
FINMA Examines UBS Process for Vetting Credit Suisse Clients
30/07/2024
UBS has reportedly been providing updates to FINMA on the types of wealth management clients it is on-boarding from Credit Suisse post-acquisition.
Structural Regulation
CFTC Expands Access to Foreign Futures for US Investors
30/07/2024
Commissioner Caroline Pham says US market participants will have more choice in brokers and broker arrangements to trade foreign futures.
PEPs & Sanctions
UK Secures First Forfeiture from Sanctions Evasion Case
30/07/2024
Around $1mn was forfeited after being frozen since 2022. The funds were held by the wife of Petr Aven, a sanctioned Russian oilgarch.
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