Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
US Judge Denies SEC Permission to Appeal Ripple Ruling
04/10/2023
The July ruling found that programmatic sales of Ripple’s XRP digital token on public exchanges was not a breach of federal securities laws.
Crypto / Digital Assets
UPDATE – UBS, SBI Launch Tokenised VCC Fund Pilot in Singapore
04/10/2023
The live pilot of a tokenised money market fund was launched under a wider VCC umbrella as part of Project Guardian.
Crypto / Digital Assets
Korea: Three Securities Firms Form Digital Securities Consortium – Report
04/10/2023
The three securities firms hope to share costs and gain economies of scale to attract more issuers for STOs.
Crypto / Digital Assets
MAS Grants Major Payments Institution Licence to Ripple
04/10/2023
Ripple received its in-principle approval from MAS just four months ago in June 2023. Singapore is the company’s Asia Pacific headquarters.
Capital / Liquidity
HKMA Consults on Capital Requirements for FRTB, CVA Risk
04/10/2023
New SPM modules set out the minimum standards banks will have to adopt for the calculation of their FRTB and CVA risk capital charges.
Market Infrastructure
Bursa Malaysia Extends Derivatives Partnership With CME Group
03/10/2023
Under the extension, Bursa Malaysia Derivatives contracts will continue to be hosted on CME Globex until September 2028.
Market Infrastructure
China, Germany to Strengthen Cooperation on Market Access
03/10/2023
Consensus was reached on 25 different topics, including on strengthening regulatory cooperation in the banking and insurance sectors.
Securities / Derivatives
SGX Launches First Ammonia Derivatives Contracts
03/10/2023
SGX launched its first ammonia swap and futures contracts covering FOB Middle East and CFR East Asia pricing points.
Enforcement
UBS Settles Credit Suisse Liability in Mozambique Bribery Case
03/10/2023
The settlement terms have not been made public, but reports say UBS will forgive part of a loan Credit Suisse made to Mozambique in 2013.
Capital / Liquidity
MAS Proposes Recovery & Resolution Planning Requirements for Insurers
03/10/2023
MAS plans to issue a new notice setting out requirements for insurers to prepare and test recovery plans, and enhance its resolution powers for the insurance sector.
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