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
Capital / Liquidity
US Majors Reveal Expected Costs for FDIC Special Assessment
09/08/2023
JPMorgan Chase, Bank of America, Wells Fargo and Citigroup expect to pay a combined $8.2bn to replenish the fund.
Fintech / Regtech
UK Commits to Taking Forward Payments System Reforms
09/08/2023
The reforms will include a regulatory regime for future systemically important stablecoins used as a means of payment.
Market Infrastructure
NIST Solicits Feedback on Revamped Cybersecurity Framework
09/08/2023
NIST invites feedback on its updated Cybersecurity Framework 2.0 draft by 4 November 2023.
Crypto / Digital Assets
Crypto CEO Charged in South Korea for Fraud, Embezzlement
09/08/2023
Bitsonic CEO Jinwook Shin manipulated computer records to inflate prices and trading volumes, and defraud investors.
Sanctions
UK Targets Third Country Military Suppliers With Sanctions
09/08/2023
The sanctions target individuals and businesses in Iran, Turkey, Belarus, Slovakia, Switzerland, the UAE and Russia for supporting the war in Ukraine.
Securities / Derivatives
TSE Signs Agreement to Provide Japanese Investors Access to US Securities
09/08/2023
The MoU between the Tokyo Stock Exchange and Blue Ocean Technologies will enable Japanese investors to trade US stocks during their daytime hours.
Crypto / Digital Assets
PayPal Unveils Stablecoin Plans, Prompting Call for Clear Regulations
08/08/2023
PayPal plans to allow US customers to exchange PYUSD for other cryptocurrencies as well as use it to fund purchases, make transfers to external wallets, and send person-to-person payments.
AML / KYC
AUSTRAC to Implement Pre-verification Requirement for Online Gambling
08/08/2023
Identification verification procedures must be carried out before online gambling services are provided to customers, starting 29 September.
Big Picture
Banks Showing Lowest Operational Risk Losses in Years: ORX
08/08/2023
While 2022 gross operational risk losses were the lowest since 2017, an increase in fraud is driving up annual loss frequency, ORX says.
Sanctions
OFAC Halts $26m in Funds Tied to Indian Diamond Traders
08/08/2023
OFAC reportedly suspects fund transfers were made to diamond suppliers with links to Russian miners and sanctioned bodies.
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