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

Fintech / Regtech
DBS Formed a Special Committee to Oversee Probe into March Outage
22/04/2023
Senior minister said the November 2021 and March 2023 incidents at DBS appear unrelated, but that the bank’s new special committee will determine if there are “common underlying weaknesses”.

Sanctions
UK Sanctions Russians Over ‘Politically-motivated Conviction’
21/04/2023
The sanctions target two FSB agents who were allegedly involved in poisoning political activist Vladimir Kara-Murza, as well as a judge and two investigators.

Market Infrastructure
RBA to Undergo Overhaul Following Comprehensive Review
21/04/2023
The review report suggests splitting the RBA’s board into a monetary board and a corporate governance board.

Crypto / Digital Assets
Russia Plans to Allow Crypto in Cross-border Trade Deals
21/04/2023
Special organisations will be created to mine crypto and process payments for cross-border export and import deals.

Big Picture
ISLA Details Benefits of Tokenisation in Securities Financing Market
21/04/2023
The paper discusses how tokenisation of assets can open up multiple opportunities for the securities financing industry.

Crypto / Digital Assets
Societe Generale Launches EUR Stablecoin on Public Blockchain
21/04/2023
The stablecoin’s legal structure guarantees complete segregation of the collateral assets held to back its value.

ESG / Sustainability
ISCA Issues New SME Guidance on Climate Risk, Green Finance
21/04/2023
ISCA calls on companies to get started on pilot testing their scenario analysis capabilities and offers guidance on accessing green finance.

Securities / Derivatives
Singapore Investors Prepare to Sue Over Credit Suisse AT1 Bond Losses
21/04/2023
Lawyers for Singapore investors are preparing to argue that the Swiss government’s decision to write off Credit Suisse AT1 bonds violated a free trade agreement.

Crypto / Digital Assets
NBA Hall of Famer Shaquille O’Neal Served FTX Lawsuit
21/04/2023
Lawyers have been attempting to serve O’Neal since November 2022 but he reportedly evaded agents hired to serve the documents for months.

Crypto / Digital Assets
US Lawmakers Propose Draft Stablecoin Legislation
21/04/2023
Applications from stablecoin issuers would be “deemed approved” if regulators do not reach a decision within 4.5 months from the application.
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