Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
CFTC Issues Largest Ever Civil Monetary Penalty
30/04/2023
The CFTC ordered the operator of a fraudulent multilevel marketing scheme to pay a $1.7bn penalty and a further $1.7bn in restitution.
AML / KYC
China Establishes Nationwide Property Registration System
30/04/2023
The new registration system will provide regulators full transparent view of real estate ownership and support their efforts to prevent systemic risks.
Fintech / Regtech
US Agencies Pledge to Combat Harmful Uses of AI
30/04/2023
Four agencies reaffirmed their commitment to “vigorously enforce their collective authorities and to monitor the development and use of automated systems.”
Securities / Derivatives
BSP Streamlines and Expands Currency Hedging Facility
30/04/2023
The BSP approved amendments to make it easier for clients of large banks to hedge peso-US dollar exposures through NDFs.
Securities / Derivatives
China Outlines Plan for Shifting Enterprise Bond Oversight to CSRC
30/04/2023
Enterprise bonds, mainly issued by large state-owned enterprises, have to date been subject to oversight and supervision by the NDRC.
Enforcement
Korean Authorities Probe Manipulation in Eight Stocks
30/04/2023
Prosecutors have issued travel bans on ten individuals who are suspected of engaging in stock price manipulation activities.
Hong Kong Further Extends Repayment Period for Trade Loans
30/04/2023
Existing trade facilities falling due between May and July 2023 can be extended by a further 90 days, the HKMA said.
ESG / Sustainability
Report Offers Recommendations to Finance GBA Net Zero Transition
30/04/2023
Report from WRI China calls for the establishment of a cross-regional agency coordination mechanism for financing decarbonisation in the GBA.
ESG / Sustainability
Korea Takes Measures to Address Fraudulent IPO Subscriptions
30/04/2023
IPO bookrunners must verify institutional investors can pay for stocks before allotment; risk weight for carbon emissions rights is reduced.
Capital / Liquidity
ECB Scrutinising Bond Losses at European Banks
30/04/2023
The ECB is asking banks about their practices for hedging interest rate risk, including to assess whether risks have been shifted to nonbanks.
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