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
Sanctions
Gibson Dunn’s David A. Wolber Discusses Compliance Challenges with Sanctions
15/09/2023
David A. Wolber, Of Counsel at Gibson Dunn, spoke at Regulation Asia’s Fraud & Financial Crime Asia 2023 event on 13 July. At the sidelines of the event, he discussed how Singaporean banks and companies face increasing compliance challenges in the sanctions space, citing a couple of reasons. He also outlined steps to avoid violating sanctions.
Capital / Liquidity
PBOC Announces Second RRR Cut for Banks This Year
15/09/2023
The move lowers the weighted average RRR for banks to around 7.4 percent, compared to more than 15 percent in 2018.
Sanctions
US Government Unveils 150 New Russia-related Sanctions
15/09/2023
The sanctions include two more Russia-based banks along with several Russia-based wealth management consulting, auditing, and investment firms.
Enforcement
RHB Investment Bank Fined, Reprimanded for Sponsor Failures
15/09/2023
RHB failed to conduct proper due diligence on an ACE Market listing applicant and to ensure submissions to Bursa Malaysia were complete and accurate.
Securities / Derivatives
China to Provide Guarantees on Private Enterprise Bonds
15/09/2023
China Securities Finance indicated it would work to provide more credit enhancement support to private enterprises to support bond financing.
Crypto / Digital Assets
US SEC Settles Second NFT-related Enforcement Action
14/09/2023
Animated web series creator will pay $1mn to settle SEC claims that it conducted an unregistered offering of crypto asset securities. Two commissioners dissented.
Enforcement
US Court Sentences Co-Founder of “OneCoin” Fraud to 20 Years
14/09/2023
OneCoin was a fraudulent cryptocurrency that was sold through a pyramid scheme to millions of people from 2014-2016, resulting in $4bn in worldwide losses.
Australia to Ban Credit Card, Digital Currency Use for Online Gambling
14/09/2023
The bill will make it illegal for online gambling companies to accept credit cards, credit related products and digital currency as payment methods for online gambling.
Securities / Derivatives
CFTC Extends No-Action Letter for TAIFEX Swaps Clearing
14/09/2023
The six month extension allows US persons to continue clearing swaps on TAIFEX for proprietary trades while a formal CFTC exemption is pending.
ESG / Sustainability
Singapore Launches Largest Ever Equity ETF to Drive Climate Action
14/09/2023
The SGX-listed fund is managed by BlackRock and anchored by Prudential, with additional backing from investors that include Temasek and Singlife.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.