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
Enforcement
Terra Co-Founder Daniel Shin Indicted in Korea
27/04/2023
Daniel Shin and nine others were indicted for their roles in the collapse of the Terra stablecoin which caused significant losses for investors.
Enforcement
Singapore Trader Sentenced to Jail, Fine for SFA Breach
27/04/2023
The trader would sell the securities to his relatives before buying them back at higher prices using his employer’s accounts.
Capital / Liquidity
South Korea to Participate in Global Bank Stress Test
27/04/2023
South Korea is not required to join the test as none of its banks are classified as G-SIBs, but it is nonetheless joining in order to better monitor global contagion risks.
Enforcement
SFC Bans Another Ex-Convoy Licensee Over Manipulation Scheme
26/04/2023
Peter Law convinced clients to buy and hold a stock that was being manipulated by collaborators in exchange for a commission.
Enforcement
CFTC Fines Mizuho Capital Markets for Swaps Conduct Failures
26/04/2023
Mizuho Capital Markets engaged in anticipatory hedges of deal-contingent FX forwards without appropriate disclosure to customers.
Securities / Derivatives
APRA Warns of Super Fund Underperformance in Choice Segment
26/04/2023
APRA’s supervision of poorly performing Choice products will intensify, and that trustees can expect “even greater scrutiny” of their product offering.
Crypto / Digital Assets
US Lawmakers Propose Another Draft Bill for Stablecoins
26/04/2023
New bill provides a narrower focus overall and gives state regulators more power to charter stablecoin issuers.
Capital / Liquidity
PBOC Urges Banks to Lower Deposit Interest Rates
26/04/2023
The guidance is aimed at directing savings into consumption and productive investments. PBOC official said deposit rate adjustments are a normal market phenomenon.
Capital / Liquidity
New York Fed Tightens Rules on Access to Reverse Repo Facility
26/04/2023
The tighter requirements are said to be aimed at preventing stablecoin issuers from parking their reserves at the Fed.
Crypto / Digital Assets
Binance.US Cancels Deal to Acquire Voyager Digital
26/04/2023
The DOJ indicated earlier this week that it was prepared to allow the deal to proceed. Binance.US had the right to cancel if the deal was not closed by 18 April.
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