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
Sanctions
China Sanctions Data Provider Kharon and Two Employees in Response to US Sanctions
26/12/2023
China’s Ministry of Foreign Affairs announced sanctions against US-based Kharon and two researchers under the Anti-Foreign Sanctions Law in response to US human rights sanctions.
Enforcement
Korea Fines BNP Paribas, HSBC $20.4m for Illegal Short Selling
26/12/2023
The FSC said the naked short-selling transactions lasted for months and were thus were “viewed as not inadvertent but intentional.”
Enforcement
Singapore Announces Criminal Charges Over DPRK Gasoil Sales
26/12/2023
Defendants are accused of shipping gasoil to North Korea in violation of UN sanctions via the MT Courageous, an oil tanker seized by the US in 2021.
ESG / Sustainability
HKMA Study: Climate Change Will Dampen Housing Prices
26/12/2023
The study finds that global warming and severe typhoons can meaningfully lower housing prices in Hong Kong in the long run.
Securities / Derivatives
Japan Prepares to Launch ‘Asset Management Forum’
26/12/2023
A committee has been established to plan the launch of a new platform to promote Japan’s asset management industry internationally.
Sanctions
US Threatens Foreign Banks with Sanctions over Russia Transactions
23/12/2023
New executive order authorises OFAC to sanction non-US banks for facilitating certain Russian transactions as US imposes new restrictions on Russian seafood and gold imports.
Enforcement
Insurer Settles with OFAC after Issuing Policies to Sanctioned Russian’s Company
23/12/2023
US-based Privilege Underwriters Reciprocal Exchange agreed to pay USD 466,000 over policy written for Panamanian company owned by sanctioned oligarch Viktor Vekselberg.
Securities / Derivatives
SFC Updates Guidance to Streamline Approval Processes for Funds
23/12/2023
The streamlined measures will enhance the operational efficiency and approval processes of SFC-authorised funds.
Market Infrastructure
UK, Switzerland to Mutual Recognise Financial Services Laws
22/12/2023
For certain sectors, UK financial services firms will be able to serve clients in Switzerland while largely following UK rules, and vice versa.
Enforcement
Korea Considers Naked Short-selling Penalties for Global Banks
22/12/2023
Last month, Korean regulators said they found that the Hong Kong units of HSBC and BNP Paribas committed naked short selling.
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