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
Head of German FIU Resigns Over Secret SAR Backlog – Report
22/12/2022
The German FIU was sitting on more than 100,000 unprocessed SARs which it did not disclose to the FATF during its mutual evaluation.
Sanctions
UK Ban on Providing Trust Services to Russia Takes Effect
22/12/2022
Professional services ban expanded from accounting, consulting and PR services to include trust, advertising, auditing, engineering and IT consultancy and design services.
Crypto / Digital Assets
ESMA Issues Guidelines for Operators of DLT Market Infrastructure
22/12/2022
The guidelines include templates firms can use to apply for permission to operate DLT market infrastructure under the EU’s DLT Pilot Regulation.
Citigroup Litigation in Revlon Dispute Comes to an End
22/12/2022
Citigroup reached an agreement with ten remaining Revlon lenders for them to repay the bank USD 504 million for mistakenly sent wire transfers.
AML / KYC
Bangladesh Banks Under Scrutiny for Alleged Loan Scams
22/12/2022
Bangladesh Bank directed five banks to submit daily reports on loan disbursements. Two of the banks have observers appointed to monitor operations.
Securities / Derivatives
Vietnam Proposes Measures to Boost Corporate Bond Market
22/12/2022
The Ministry of Finance has proposed to defer a professional-investor-only requirement, and delay a requirement for large issuers to have a credit rating.
Enforcement
US, Brazil Settle Honeywell Bribery Charges for Over $200m
22/12/2022
Manufacturing conglomerate Honeywell will pay $120mn to Brazilian authorities, $39.4mn to the DOJ, and $42.3mn to the SEC.
Capital / Liquidity
APRA to Set CCyB Default Rate at 1pc from 1 Jan 2023
22/12/2022
The CCyB default rate in Australia has been set at zero percent of risk-weighted assets since it was introduced in 2016.
Securities / Derivatives
SEBI Considering Allowing Listings by ‘Micro REITs’
22/12/2022
Micro REITs will be allowed to hold just a single asset or a diversified portfolio, to provide easier access to retail investors.
Crypto / Digital Assets
HKMA Intends to Implement BCBS Cryptoasset Standards
22/12/2022
The HKMA plans to implement the Basel standards on the treatment of cryptoasset exposures locally by 1 January 2025, in accordance with the BCBS timetable.
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