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
AML / KYC
China Fines Bohai Bank for Third Time This Year
16/03/2023
The PBOC fined China Bohai Bank for committing 12 regulatory violations. The bank was fined twice last month for different violations.
Fintech / Regtech
More TSE Companies Disclosing Earnings Reports in HTML Format
16/03/2023
Over 2,400 companies listed on the Tokyo bourse have voluntarily disclosed their earnings reports in HTML format.
Enforcement
Swedbank Fined for IT Incident Which Impacted 1m Customers
16/03/2023
Swedbank made a change to a business-critical IT system without following its internal procedures and processes.
Enforcement
US Charges Exiled Chinese Businessman with $1b Fraud Scheme
16/03/2023
Guo Wengui and his financial adviser allegedly cheated thousands of investors since 2018 by promising outsized returns on various offerings.
Fintech / Regtech
US Announces July Launch Date for FedNow Service
16/03/2023
The Federal Reserve said it will begin the formal certification of participants for launch of the FedNow Service in the first week of April.
Securities / Derivatives
HKEX Confirms Plans to Launch RMB Counter of its Stock
16/03/2023
HKEX said the launch of RMB counter will allow investors to seamlessly interchange between securities listed in both HKD and RMB.
AML / KYC
US, German Authorities Coordinate on Takedown of Crypto Mixer
16/03/2023
Authorities dismantled ChipMixer’s infrastructure and seized four servers, about USD 46 million worth of bitcoin, 7 TB of data, two domains, and a Github account.
Capital / Liquidity
Swiss Regulators Offer Credit Suisse a Show of Support
16/03/2023
FINMA said Credit Suisse meets capital and liquidity requirements applicable to systemically important banks. SNB will provide liquidity to the bank if necessary.
Fintech / Regtech
DTCC Offers New Tool to Facilitate LIBOR Transition
16/03/2023
Widespread usage of the tool will be “an important component to help ensure a successful transition,” said Tom Wipf, who chairs the ARRC.
AML / KYC
HKIMR Report Explores GBA Cross-border Payments Challenges
16/03/2023
A survey of FIs found that some GBA transactions are still processed manually. Other challenges relate to differing messaging formats, regulatory requirements and investment quotas.
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