Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
ESG / Sustainability
APRA Adds Climate Change Risk to New Statement of Intent
12/06/2023
A key update is the explicit inclusion of climate-related financial risks as a consideration for APRA’s duties.
Crypto / Digital Assets
CFTC Triumphs in Landmark Case, Establishing Legal Liability for Ooki DAO
12/06/2023
The judgment also imposes a fine, permanent trading and registration bans, the shutdown of Ooki DAO’s website, and the removal of its online content.
Securities / Derivatives
CSRC Grants New Fund Manager Licence to Schroders
12/06/2023
Schroders becomes the fourth foreign-owned asset manager to set up businesses in China, after BlackRock, Fidelity Investments, and Neuberger Berman.
Enforcement
India: Appeals Tribunal Reverses SEBI Licence Cancellation Order
11/06/2023
The Securities Appellate Tribunal said SEBI’s order to cancel the licence of Brickwork Ratings was “unjustified” and “not commensurate” with the alleged violations.
Crypto / Digital Assets
UK: New Rules for Advertising Crypto to Take Effect in October
11/06/2023
All cryptoasset firms marketing to UK consumers, including firms based overseas, will need to comply with the new rules.
Capital / Liquidity
Credit Suisse Rescue Deal to Undergo Parliamentary Probe
11/06/2023
UBS has meanwhile finalised a guarantee agreement with the Swiss government and is now expected to close its Credit Suisse acquisition on Monday (12 June).
Sanctions
EU Council Seeks to Criminalise Sanctions Circumvention
10/06/2023
EU member states would be obligated to criminalise sanctions circumvention, including activities to help bypass an EU travel ban or trade in sanctioned goods.
Bank Negara Malaysia Announces New Governor
09/06/2023
Outgoing governor Nor Shamsiah said she is confident that Abdul Rasheed Abdul Ghaffour is the “right person” to helm BMN as governor.
Crypto / Digital Assets
RBI to Make CBDC QR Codes Interoperable With UPI System
09/06/2023
The RBI issued the e-rupee as a pilot project late last year. Deputy governor T Rabi Sankar 1 million customers will be active on the CBDC by end-of-month.
Big Picture
FMSB Publishes Spotlight Review on “3 Lines” Model
09/06/2023
The FMSB review calls for the 3 Lines Model to be repositioned as a lens for examining risk management frameworks.
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