Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Sanctions
US, UK, Canada Announce Coordinated Human Rights Sanctions
11/12/2023
The US targeted individuals across nine countries; the UK sanctions included targets involved in forced ‘scam farm’ labour in Cambodia, Laos and Myanmar.
Securities / Derivatives
Thai SEC to Update Rules for Bond Issuance by Foreign Firms
10/12/2023
Foreign businesses will only be permitted to issue baht-denominated debt in Thailand if they are rated at least investment grade by an international credit rating agency.
Enforcement
OFAC Announces Settlement with Nasdaq for Sanctions Violations
10/12/2023
Nasdaq’s Armenian subsidiary committed 151 apparent violations of sanctions on Iran before the violations were self-reported in 2014.
ESG / Sustainability
Philippine SEC Launches Framework for Blue Bond Issuance
10/12/2023
SEC chairperson Emilio Aquino described the launch of the blue bond framework as a “giant leap” toward fostering a sustainable blue economy.
Securities / Derivatives
CSRC Proposes New Rules, Lower Fees for Public Funds Sales
10/12/2023
The rule changes seek to reduce the commission rates charged on public funds and improve the processes managers use to select distributors.
Crypto / Digital Assets
Taiwan Considers Platform Design for Possible Future CBDC
08/12/2023
Taiwan’s central bank has completed a wholesale CBDC feasibility and technology study but has not yet decided whether to introduce a CBDC.
Crypto / Digital Assets
Solomon Islands Central Bank Starts Testing CBDC
08/12/2023
The central bank is testing the CBDC for retail transactions, P2P transfers, interbank transactions, and cross-border payments.
AML / KYC
Indonesia, UAE Central Banks Agree to Expand Cooperation
08/12/2023
BI and CBUAE will strengthen cooperation in areas including monetary policy, financial stability, payments, AML/CFT, and Islamic finance.
Big Picture
Geopolitical Risk Seen as Top Risk to Financial Industry in 2024
08/12/2023
As many as 47% of respondents cited geopolitical risk as the number one risk impacting the global financial system in 2024.
Big Picture
HKIMR Report Offers Guidance on Talent Development
08/12/2023
The report presents findings from two surveys and other analysis to recommend talent development strategies for Hong Kong’s financial industry.
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