Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Crypto / Digital Assets
CFTC Unveils Newly Constituted Tech Advisory Committee
14/03/2023
Carole House from Terranet Ventures and Ari Redbord from TRM Labs will serve as committee chair and vice chair, respectively.
Capital / Liquidity
US Fed to Consider Tightening Rules for Midsized Banks
14/03/2023
The Federal Reserve will review capital, liquidity and stress testing requirements it imposes on mid-sized lenders.
Enforcement
SFC Fines Brokerage for 2015 System Testing Incident
14/03/2023
I-Access Investors incorrectly used data from system testing as production data and inadvertently triggered 27 stop loss sell orders by 12 clients.
ISLA Releases New Templates for GMSLA Documentation
14/03/2023
ISLA and Linklaters collaborated to develop new GMSLA templates, covering default events, termination notices, and amendment agreements.
Capital / Liquidity
HSBC Acquires Silicon Valley Bank’s UK Unit for £1
14/03/2023
HSBC expects the deal to be profitable, strengthen its commercial banking franchise, and enhance its ability to serve innovative firms.
Enforcement
LBMA to Probe Perth Mint ‘Gold Doping’ Allegations
14/03/2023
Adverse findings under LBMA’s incident review process can result in refiners being struck off the Good Delivery List.
ESG / Sustainability
PRI Identifies Demand for Sustainable Finance Taxonomy in Japan
14/03/2023
PRI survey identified “substantial demand” from investors for some form of comprehensive sustainable finance taxonomy for Japan.
Market Infrastructure
Cuban Banks Have Adopted Russia’s Mir Card Scheme
14/03/2023
ATMs now display the logo of the Mir payment system and provide an option to withdraw funds in Cuban pesos from cards issued by Russian banks.
Crypto / Digital Assets
NAB Completes First Cross-border Stablecoin Transaction
14/03/2023
NAB expects to be supporting select corporate and institutional clients to transact using digital assets by the end of 2023.
ESG / Sustainability
Record Number of FIs Seeking Environmental Disclosures Via CDP
14/03/2023
CDP’s annual disclosure request this year is on behalf of 746 FIs across 40 countries. Firms are asked to disclose on plastics for the first time.
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