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
NYDFS Fines BitFlyer for Deficient Cybersecurity Programme
07/05/2023
BitFlyer USA did not perform risk assessments, implement a written cybersecurity policy, or conduct annual reviews. The firm said it has completed over 90% of its planned remediation work.
Enforcement
India Supreme Court Allows Prosecution of Deloitte, KPMG Units
07/05/2023
Supreme Court ruling allows criminal complaints against Deloitte Haskins & Sells and BSR & Associates over their handling of IL&FS audits to proceed.
Enforcement
FSS Korea Uncovers First “Malicious” Cases of Naked Short Selling
06/05/2023
The FSS uncovered cases where market participants deliberately short-sold securities without first borrowing the stock in a bid to “maximise trading profits”.
Market Infrastructure
Regulators Announce 15 May Launch Date for Swap Connect
06/05/2023
Swap Connect will allow overseas investors to trade in Mainland interest rate swap contracts on CFETS via Tradeweb and Bloomberg.
AML / KYC
India Amends Laws Governing Accountants, Company Secretaries
05/05/2023
Chartered accountants, company secretaries, and cost and work accountants will have to maintain records of all financial transactions for clients.
Enforcement
MAS Imposes Additional Capital Surcharge on DBS for Outages
05/05/2023
A new disruption on 5 May prevented users from accessing digital banking, mobile wallet, brokerage, and ATM services.
Enforcement
Ex-OpenSea Manager Convicted for NFT Insider Trading Scheme
05/05/2023
Nathaniel Chastain chose which NFTs to feature on OpenSea’s home page and then covertly traded those NFTs, altogether making about $57,000 in profits.
AML / KYC
Taiwan P2P Lender Collapses, Operator Arrested for Fraud
05/05/2023
The FSC is investigating five banks that dealt with the P2P lending platform, which was operated as a Ponzi scheme and stole an estimated $81.6mn from investors.
Enforcement
Goldman Under Probe for Possible Role in SVB Collapse
05/05/2023
Goldman Sachs said it is cooperating with governmental bodies in connection with their investigations and inquiries into SVB.
Market Infrastructure
India Asks State Lenders to Bring Overseas Business to GIFT City
05/05/2023
India’s government has asked public sector banks to explore consolidating the business they conduct through overseas branches to GIFT City.
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