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
Enforcement
Taiwan FSC Fines Cathay United Bank Again Over Outages
06/01/2023
The fine is the highest ever imposed against a bank by the FSC for IT-related issues. The bank’s president will also have his salary cut for three months.
AML / KYC
BSP Sets Out New Rules for Reporting Financial Crime Risk Events
06/01/2023
Banks and NBFIs will have to notify the BSP within 24 hours after they become aware of any significant money laundering, terrorism financing, or proliferation financing risk event.
Capital / Liquidity
China Set to Implement New Financial Stability Law This Year
05/01/2023
The law will create a financial stability guarantee fund, set out clear risk prevention and disposal responsibilities for financial institutions, and introduce a resolution regime for SIFIs.
Enforcement
Former BlackRock Portfolio Manager Fined Over Undisclosed Conflict
05/01/2023
The portfolio manager failed to disclose that he had asked an investee company to help advance his daughter’s acting career and that it helped her obtain a film role.
Enforcement
New York: Former SPAC CFO Pleads Guilty to Fraud Charges
05/01/2023
The former CFO embezzled money from a SPAC to pay for personal expenses and trade in meme stocks and crypto assets. He also incorporated two other SPACs to conceal his theft.
ESG / Sustainability
Taiwan: TDCC Adds Moody’s ESG Assessments to ESG IR Platform
05/01/2023
The ESG IR platform provides free ESG information from domestic and foreign data providers for retail investors, institutional investors and issuers.
AML / KYC
Philippines Launches Cyber Safety Campaign for Financial Customers
05/01/2023
The BSP and banking industry associations launched a new campaign to improve to cyber hygiene among financial customers.
ESG / Sustainability
ASIC Fines Another Listed Energy Firm for Alleged Greenwashing
05/01/2023
ASIC says Black Mountain Energy made misleading statements in three ASX announcements regarding a natural gas development project.
Crypto / Digital Assets
Singapore-Based Crypto Wallet BitKeep Suffers $8m Hack
05/01/2023
BitKeep said it is working to recover the stolen funds, some of which have already been frozen. Compensating victimised users is a top priority.
AML / KYC
NYDFS Ends Coinbase AML Probe With $100m Settlement
05/01/2023
The settlement includes a $50mn penalty and a commitment by Coinbase to invest a further $50mn in its compliance programme over the next two years.
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