Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
ESG / Sustainability
New Zealand XRB Issues New Guidance on Climate-related Disclosures
08/05/2023
The guidance aims to support entities in preparing climate-related disclosures and to foster consistency through “clarity of understanding”.
ESG / Sustainability
SEBI Enhances Disclosure Requirements for Transition Bonds
08/05/2023
Transition bonds were added to SEBI’s framework for green debt securities in February. The additional disclosures seek to ensure funds raised are not misallocated.
Fintech / Regtech
Indonesia, Malaysia Expand Cross-Border QR Payment Link
08/05/2023
The linkage will provide “faster, cheaper, more transparent and more inclusive cross-border payments”, said Bank Indonesia governor Perry Warjiyo.
Crypto / Digital Assets
US SEC Ordered to Respond to Coinbase Petition Within 10 Days
08/05/2023
The SEC must indicate whether or not it will provide formal rule-making for the digital assets sector, and the reasons for its decision.
Enforcement
US SEC Issues Record-breaking $279m Whistleblower Award
08/05/2023
The size of the award should incentivise whistleblowers to come forward about potential securities law violations, said the SEC’s Gurbir Grewal.
ESG / Sustainability
World Bank Assesses Bank Exposures to Nature-related Physical Risk
08/05/2023
New paper provides high-level analysis that policymakers can use to induce a “transformative shift” towards nature-positive activities and production processes.
Enforcement
China’s SAFE Fines Bank of Shanghai for FX-related Violations
08/05/2023
The fine is the largest issued against a Chinese bank this year. In 2022, Bank of Shanghai had more complaints against it than any other corporate bank.
Enforcement
Singapore Lays Three More Charges Against Hyflux Founder
07/05/2023
Singapore’s Public Accountants Oversight Committee has also issued orders against Hyflux auditors from KPMG LLC for five years of financial statements.
Capital / Liquidity
US SEC Probing Insider Trading by First Republic Execs – Report
07/05/2023
The SEC is looking into whether executives of First Republic improperly traded on inside information before the government seized the bank and sold it to JPMorgan.
Capital / Liquidity
Hong Kong Financial System Remains Resilient: IMF Staff
07/05/2023
IMF staff said credit risk will “likely continue to materialise”, and banks should properly recognise and provision for credit losses, including those from Mainland property exposures.
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