Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
ESG / Sustainability
IASB to Explore How Financial Statements Could Better Reflect Climate Risks
23/03/2023
The IASB will ensure any proposals work well with the IFRS Sustainability Disclosure Standards due to be issued by the end of Q2 2023.
Fintech / Regtech
Korea to Launch Online Deposit Product Brokerage Service in June
23/03/2023
The service will allow consumers to compare and receive recommendations for deposit products from various FIs.
Capital / Liquidity
Yellen Not Considering ‘Blanket Insurance’ for US Bank Deposits
23/03/2023
Regulators are reviewing banking risks on a case-by-case basis. The FDIC would only step in to protect all depositors if there are systemic or contagion risks.
ESG / Sustainability
Biden Blocks Anti-ESG Bill; Texas to Divest from HSBC
23/03/2023
HSBC was added to a list that will requires state governmental entities in Texas to divest from all of the bank’s publicly traded securities within 360 days.
Crypto / Digital Assets
Eurex to Launch Europe’s First Bitcoin Futures Contract
23/03/2023
The contract, developed in partnership with FTSE Russell and Digital Asset Research, will launch on 17 April 2023.
Securities / Derivatives
SFC Publishes “Quick Reference” Licensing Guides
23/03/2023
The quick reference guides are intended to encourage more family offices and private equity businesses to operate in Hong Kong.
Crypto / Digital Assets
US Authorities Consider Taxing NFTs as Collectibles
23/03/2023
Under the US tax code, collectibles are subject to a 28% capital gains tax rate, compared to 20% for stocks, bonds and cryptocurrencies.
ESG / Sustainability
Malaysia to Launch Sustainability Reporting Platform in April
23/03/2023
UMW Corp and Maybank will be early adopters of the platform, which was developed by Bursa Malaysia in collaboration with LSEG.
Enforcement
US SEC Simultaneously Charges Crypto Founder, Eight Celebrities
23/03/2023
Tron founder Justin Sun sold unregistered securities to US investors, manipulated TRX and BTT markets, and paid celebrities to tout the offerings without disclosing their compensation.
Sanctions
US, UK, EU and Australia Target Iran With New Sanctions
22/03/2023
The sanctions were imposed for human rights abuses and violations as well as the production and supply of drones to Russia.
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