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
UK Inaugurates New Iran Sanctions Regime with Joint UK-US Action
16/12/2023
US and UK governments announce joint sanctions against eight individuals as UK’s new Iran sanctions regulations come into force.
AML / KYC
HK Amends National Security Law to Facilitate Asset Freezes
15/12/2023
The national security law has been amended to allow assets to be frozen “until the conclusion of the proceedings” such as criminal prosecutions.
AML / KYC
US Congress Passes Foreign Extortion Prevention Act
15/12/2023
The Act prohibits foreign government officials from soliciting or receiving bribes from any person or company under US jurisdiction.
Enforcement
Former Bank of China Branch Head Jailed for Life for Embezzlement
15/12/2023
Xu Guojun and accomplices embezzled and misappropriated over $323mn in China’s banking sector’s biggest-ever corruption case.
Fintech / Regtech
RBA Sets Out Focus Areas for Upcoming Payments System Review
15/12/2023
The key focus areas for next year’s review are mobile wallets, BNPL services, and least-cost routing, Michele Bullock said.
Capital / Liquidity
Korea Relaxes FHC Rules on Lending to Overseas Subsidiaries
15/12/2023
The FSC said the amendments, effective on 1 January, will “contribute to revitalising the overseas expansion of Korean financial companies”.
Enforcement
SBI Securities Accused of Manipulating Stock Prices – Reports
15/12/2023
SBI Securities allegedly asked investors to buy shares in stocks that it underwrote on the first day of trading to prop up their stock prices.
Capital / Liquidity
Design of Deposit Insurance Systems to Undergo Review
15/12/2023
The 2023 banking turmoil highlighted issues requiring further analysis to inform a review of IADI’s Core Principles for Effective Deposit Insurance Systems.
Securities / Derivatives
IOSCO Proposes Good Practices for Handling Market Outages
14/12/2023
IOSCO’s new consultation report identifies five good practices for trading venues to consider for improving market-wide resilience during an outage.
Securities / Derivatives
US SEC Adopts New Clearing Rules for Treasury Market
14/12/2023
The rule changes, designed to reduce the potential for systemic risk, will require more Treasury market trades to be centrally cleared.
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