
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

Securities / Derivatives
Philippines to Launch First Sovereign Wealth Fund by Year-end
07/06/2023
The Maharlika Investment Fund will be created by the end of this year, after the required legislation was passed by Congress last week.

Crypto / Digital Assets
Hong Kong Firms Launch Virtual Asset Rating Agency
06/06/2023
The Hong Kong Virtual Assets Consortium will provide a ratings service for crypto asset exchanges and exchange-traded products.

Sanctions
OFAC Sanctions Russian Intelligence Actors Who Targeted Moldova
06/06/2023
OFAC said the sanctioned actors provided protest training, logistical support or financial support as part of a Russian plot to capitalise on protests in Moldova.

Securities / Derivatives
SGX RegCo Resumes Watch Listing Process After Three Years
06/06/2023
SGX RegCo suspended the half-yearly watch-list reviews in June 2020. With the resumption, nine companies have been added to the list.

Fintech / Regtech
BIS Proves Viability of Quantum-Safe Financial System
06/06/2023
Project Leap involved the design and deployment of a secure communication channel to protect financial data against future threats from quantum computers.

Enforcement
PwC Australia Facing Loss of “Substantial” Government Contracts
06/06/2023
A number of government agencies, including ASIC, are reviewing contracts with PwC Australia over confidentiality breaches.

ESG / Sustainability
WWF-Singapore Assesses ESG Integration Efforts at Private Banks
06/06/2023
The study identified a need private banks to improve risk management and better incorporate ESG risk assessments and scenario analysis in their processes.

Market Infrastructure
Cboe Launches “First-of-its-kind” Global Listing Network
05/06/2023
Stocks that are “intralisted” on Cboe’s US and Canada exchanges will be available for trading in the Netherlands and the UK, with Australia to follow.

RBI Panel Offers Recommendations on Improving Bank Services
05/06/2023
The committee issued recommendations to foster a more customer-centric approach in the financial services industry.

Enforcement
FCA Fines ED&F Man Capital Markets for Cum-Ex Trading Breaches
05/06/2023
The GBP 17.2 million fine is the largest imposed thus far in connection with the cum-ex tax fraud scheme.
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