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
US Cities Obtain Green Light to Pursue Class Action Against Eight Banks
24/09/2023
Eight US banks are accused of conspiring to artificially inflate the interest rates on debt securities between 2008 and 2016.
Enforcement
OFAC Penalises 3M and Emigrant Bank for Iran Sanctions Violations
24/09/2023
3M agreed to pay $9.6mn for shipments destined for a customer in Iran. Emigrant Bank agreed to pay about $32,000 for processing transactions for two Iranian residents.
Enforcement
China Unveils New Five-Year Plan to Combat Corruption
24/09/2023
The plan aims to target sectors including finance and state-owned enterprises. A separate anti-corruption law will be introduced within five years.
Securities / Derivatives
China Pilots More Flexible Panda Bond Issuance Mechanism
24/09/2023
The programme will improve the efficiency of cross-border investment and financing on China’s interbank bond market, NAFMII said.
Crypto / Digital Assets
HKMA Says More Central Banks Will Join mBridge Platform
23/09/2023
HKMA CEO Eddie Yue said an MVP will soon be launched to pave the way for the “gradual commercialisation of mBridge”.
Korea to Relax Rules to Boost Offshore Lending and Trade Finance
23/09/2023
The changes will enable financial institutions, including foreign banks operating in Korea, to transfer foreign currency denominated debt to overseas entities.
Securities / Derivatives
Malaysia SC Outlines Ongoing Initiatives to Boost Capital Market
23/09/2023
The measures include a lower stamp duty, the introduction of fractional share trading, and a faster IPO process.
Sanctions
US Sanctions Entities Linked to Iranian Drone Production
23/09/2023
The sanctions target entities in Iran, China, Russia, and Turkey for aiding the production, maintenance, and procurement of drones and military aircraft by Iran.
Securities / Derivatives
CSRC Plans Reforms to Drive Better Dividend Payouts by Listed Companies
22/09/2023
Companies that don’t pay dividends will be required to justify these decisions, and restrictions on stock sales may be imposed on their controlling shareholders.
Securities / Derivatives
China Considers Looser Restrictions on Foreign Ownership in Listed Companies
22/09/2023
China currently caps total foreign ownership in local listed companies at 30%, and subjects a single foreign shareholder to a 10% limit.
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