Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
ChatGPT Could ‘Turbocharge’ Fraud and Scams: US FTC Chair
23/04/2023
The FTC plans to use existing authorities to pursue companies who misuse AI to violate laws against unfair and deceptive acts.
Market Infrastructure
FSC Korea Seeks Reforms on Performance-based Pay
23/04/2023
The reforms include expanding the use of malus and clawback of deferred pay and requiring disclosures of the amounts paid to individual executives.
Securities / Derivatives
Singapore to Revert to Physical General Meetings in July
23/04/2023
Listed companies will have to hold general meetings at a physical space in Singapore, but they may also use virtual meeting technology to allow remote participation.
Capital / Liquidity
Credit Suisse AT1 Bondholders File Suit Against FINMA
22/04/2023
Investors representing over $5bn of Credit Suisse AT1 bonds are seeking redress for the losses they suffered during the takeover by UBS.
Fintech / Regtech
DBS Formed a Special Committee to Oversee Probe into March Outage
22/04/2023
Senior minister said the November 2021 and March 2023 incidents at DBS appear unrelated, but that the bank’s new special committee will determine if there are “common underlying weaknesses”.
Sanctions
UK Sanctions Russians Over ‘Politically-motivated Conviction’
21/04/2023
The sanctions target two FSB agents who were allegedly involved in poisoning political activist Vladimir Kara-Murza, as well as a judge and two investigators.
Market Infrastructure
RBA to Undergo Overhaul Following Comprehensive Review
21/04/2023
The review report suggests splitting the RBA’s board into a monetary board and a corporate governance board.
Crypto / Digital Assets
Russia Plans to Allow Crypto in Cross-border Trade Deals
21/04/2023
Special organisations will be created to mine crypto and process payments for cross-border export and import deals.
Big Picture
ISLA Details Benefits of Tokenisation in Securities Financing Market
21/04/2023
The paper discusses how tokenisation of assets can open up multiple opportunities for the securities financing industry.
Crypto / Digital Assets
Societe Generale Launches EUR Stablecoin on Public Blockchain
21/04/2023
The stablecoin’s legal structure guarantees complete segregation of the collateral assets held to back its value.
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