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
Market Infrastructure
China Inaugurates New National Financial Regulator
19/05/2023
The NFRA absorbs the CBIRC in its entirety, and takes over certain functions from the PBOC and CSRC.
Crypto / Digital Assets
NY Fed, MAS Publish Results from Cross-Border Payments Study
19/05/2023
Each simulated payment scenario achieved end-to-end settlement in under thirty seconds on average using wholesale CBDCs.
Securities / Derivatives
SEBI to Tweak Definitiion of ‘Unpublished Price Sensitive Information’
19/05/2023
SEBI’s amendments aim to improve transparency in the capital market and ensure timely and accurate disclosure of material events or information by listed entities.
Enforcement
Deutsche Bank to Settle Jeffrey Epstein Lawsuit for $75m
19/05/2023
The lawsuit brought by an unnamed woman in November claimed Deutsche Bank missed red flags in Epstein’s accounts and chose profit over following the law.
Crypto / Digital Assets
HKMA Launches e-HKD Pilot Programme With 16 Firms
19/05/2023
HSBC, StanChart, BOCHK, CCB, ICBC, Hang Seng Bank, Alipay, Ripple, Visa, Mastercard and ZA Bank are among those involved in HKMA’s pilot.
Enforcement
SFC Fines Brokerage for Negligence During Share Placement
19/05/2023
China On Securities used incorrect prices in contract notes and transferred shares to placees without first requiring payment.
CSRC, PBOC Reduce Budget Allocations for Staff Salaries
19/05/2023
The changes are part of a drive to reduce income disparity as well as a broader overhaul of the financial regulatory system announced in March.
Sanctions
Top EU Official Concerned by Russian Oil Flowing into Europe
18/05/2023
India is buying heavily discounted crude oil from Russia and selling full-priced refined products into Europe. Josep Borrell said the EU must act.
Crypto / Digital Assets
GFMA Report Details How DLT Will Benefit Capital Markets
18/05/2023
The report calls for market participants to proactively shape the future use of DLT and for policymakers to provide greater regulatory clarity.
Enforcement
Wells Fargo Agrees to Pay $1bn to Settle Class Action
18/05/2023
Shareholders accused Wells Fargo of overstating how well it was complying with 2018 consent orders from financial regulators.
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