Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
US SEC Fines Citigroup for ‘Wilful’ Record-Keeping Violations
30/08/2023
The SEC said Citigroup Global Markets used an “unsubstantiated and unverified” method to calculate and record indirect expenses associated with its underwriting work.
Capital / Liquidity
FSB Commences Review of Post-GFC Securitisation Reforms
30/08/2023
The FSB will assess the extent to which the securitisation reforms are achieving their intended objectives.
Market Infrastructure
KSD-Clearstream Trading Link to Open in H1 2024
30/08/2023
KSD’s agreement with Clearstream comes just a day after it signed a similar agreement with Euroclear, to open access to Korean government bonds.
Securities / Derivatives
Taiwan Allows Domestic Stocks to be Used as Collateral Overseas
30/08/2023
The measure will allow foreign investors to participate in overseas investment activities without having to sell their positions in Taiwan stocks.
Fintech / Regtech
Australia Consults on CDR Expansion to Non-bank Lenders
30/08/2023
The Consumer Data Right regime will apply to the non-bank lending sector in stages, starting from 1 November 2024.
Crypto / Digital Assets
US Court Orders SEC to Review Grayscale Bitcoin ETF Application
30/08/2023
The court said the SEC failed to adequately explain why it approved the listing of bitcoin futures ETPs but not Grayscale’s proposed spot bitcoin ETF.
ESG / Sustainability
Carbon Credit Registry Launches in Singapore, Hong Kong
30/08/2023
The new carbon credit registry, launched by Singapore-based Asia Carbon Institute, is among the first for Asia.
AML / KYC
Indian Banks Working on New Industry Platform to Combat Fraud – Report
30/08/2023
The platform will enable banks to share real-time information that can be used to stop digital fraud and trace the funds.
ESG / Sustainability
Verra Releases Version 4.5 of the VCS Standard
30/08/2023
The changes to the Verified Carbon Standard Programme strengthen its usability, transparency, integrity, and alignment with other carbon markets initiatives.
AML / KYC
Malaysia Freezes Bank Accounts, Makes Arrests in Bribery Probe
30/08/2023
The probe involves more than MYR 6 million in bribes allegedly paid to prominent figures and political leaders by a gambling company.
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