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
Enforcement
China: Former Stock Exchange Official Facing Bribery Prosecution
24/10/2023
Authorities said the former deputy general manager “still did not restrain himself” after the 19th and 20th National Congress, despite the high-pressure anti-corruption campaign.
Enforcement
Top Kakao Executive Arrested on Stock Manipulation Charges
24/10/2023
The investigation into Kakao and its top executives began in February. The company’s CIO was arrested due to concerns that he may flee or tamper with evidence.
Mizuho to Seek EU Regulatory Approval to Convert to Universal Bank
23/10/2023
Mizuho Financial Group plans to merge its Amsterdam-based banking business and its Frankfurt-based securities business in 2025.
Crypto / Digital Assets
StanChart, Deutsche Complete First UDPN Proof of Concept
23/10/2023
The UDPN messaging system is designed to provide interoperability between stablecoins and CBDCs, similar to how the SWIFT network facilitates bank transactions.
Crypto / Digital Assets
EBA, ESMA Consult on Suitability, Remuneration Under MiCA
23/10/2023
Joint guidelines cover suitability of management, owners and board members of crypto firms and stablecoin issuers. Separate EBA consultation covers remuneration policies.
Capital / Liquidity
China Issues Framework for Identifying Systemically Important Insurers
23/10/2023
Chinese insurance companies will be assessed every two years and designated systemically important based on 13 evaluation indicators.
AML / KYC
Egmont Group Suspends Membership of Russian FIU
23/10/2023
The move bars Rosfinmonitoring from using Egmont Group’s platform to share information with other FIUs and from playing any other role in the organisation.
Fintech / Regtech
US CFPB Proposes Rule to Implement Open Banking
23/10/2023
The CFPB says the proposed rule would allow consumers to “break up” with banks that provide bad service and forbid companies from misusing personal financial data.
SEBI Issues Guidelines to Boost Operational Resilience of QRTAs
23/10/2023
QRTAs are required to declare a disaster within 30 minutes of an incident and must be able to switch to the DRS within 45 minutes.
Sanctions
China Imposes Exports Controls on Graphite Products
23/10/2023
China dominates global supply chains for graphite, a key material used in electric vehicle batteries.
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