Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
EU Lawmakers Back Draft Law to Implement Basel III
25/01/2023
The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.
Market Infrastructure
NYSE System Issue Causes Trading Halts on Major Stocks
25/01/2023
The regular opening auction “did not occur” for a number of stocks so no opening price was printed. Executed trades will be declared “null and void”.
Crypto / Digital Assets
Korea to Improve Market Access for Foreign Investors, Allow STOs
25/01/2023
Korea will abolish the complex registration system for foreign investors, require English disclosures from listed companies, and establish a regulatory framework for security tokens.
Fintech / Regtech
BIS Paper Offers Technical Model for Assessing DeFi Risks
24/01/2023
The paper highlights the intertwined nature of DeFi protocols, the dependencies they can have on stablecoins, and how such dependencies can present vulnerabilities.
Crypto / Digital Assets
Crypto Lender Genesis Files for Bankruptcy Protection
24/01/2023
Genesis has more than 100,000 creditors who may be owed up to USD 10 billion. The biggest creditor is crypto exchange Gemini.
ESG / Sustainability
US Fed Issues Instructions on Climate Scenario Analysis
24/01/2023
Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are asked to submit their responses by 31 July 2023.
Securities / Derivatives
CSRC Revises Rules for Securities Brokerage Businesses
24/01/2023
The rules strengthen requirements for firms to protect customers and implement transaction management and process controls.
Capital / Liquidity
US OCC Outlines Framework for “Too-Big-to-Manage” Banks
24/01/2023
The OCC is looking to provide more transparency into its escalation framework for dealing with banks that become too big to manage.
ESG / Sustainability
Bangladesh to Form New Market for Shariah Compliant Securities
23/01/2023
The BSEC has formed a-nine member advisory council to help develop the new Islamic capital market.
ESG / Sustainability
Researchers Dispute Benefits of Verra Approved Carbon Credits
23/01/2023
Investigative journalists found that only a handful of Verra’s rainforest projects showed evidence of deforestation reductions.
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