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
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.
Hong Kong Consults on Implementation of Global Minimum Tax
22/12/2023
Hong Kong intends to apply the global minimum effective tax rate of 15 percent on in-scope MNE groups starting from 2025 onwards.
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