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
Crypto / Digital Assets
Japan FSA to Permit Foreign Issued Stablecoins by Early June
30/01/2023
Under the new regulations, the FSA will only permit stablecoins that pass checks to ensure user protections are in place and reserve assets are secure.
ESG / Sustainability
Climate Consultancy South Pole Accused of Over-issuing Carbon Credits
30/01/2023
South Pole is alleged to have oversold 27 million tonnes of carbon credits and then failed to notify clients when the mistake was discovered.
Enforcement
FCA Charges Former Janus Henderson Analyst for Insider Trading
30/01/2023
Redinel Korfuzi used confidential inside information obtained in his role as a Janus Henderson analyst to enable “timely and profitable trading” in 49 companies.
AML / KYC
US, EU Authorities Take Down HIVE Ransomware Gang
30/01/2023
“Simply put, using lawful means, we hacked the hackers,” said deputy attorney general Lisa Monaco.
Sanctions
US Expands Sanctions Against Russia’s Wagner Group
30/01/2023
Russian mercenary organisation Wagner Group was re-designated as a foreign person that constitutes a “significant transnational criminal organisation”.
Securities / Derivatives
DTCC Publishes Testing Framework for US Move to T+1 Settlement
30/01/2023
The testing framework assumes a September 2024 implementation date. Testing dates may have to change as regulators have not yet confirmed an implementation date.
Market Infrastructure
India Completes Transition to T+1 Settlement Cycle
30/01/2023
The final phase of India’s T+1 transition roadmap covered the country’s largest listed securities, which transitioned to the new settlement cycle on Friday.
Sanctions
West Imposes More Iran Sanctions in Response to Protest Handling
29/01/2023
Iran responded with sanctions against EU and UK individuals and entities. IAEA director general Rafael Grossi plans to visit Iran in February for “much needed” political dialogue.
AML / KYC
FinCEN Warns of Sanctions Evasion in Commercial Real Estate
29/01/2023
New FinCEN alert lists potential red flags and typologies involving attempted sanctions evasion in the CRE sector by sanctioned Russians and their proxies.
Securities / Derivatives
Korea FSC Unveils New Risk Rating System for Investment Products
29/01/2023
Due for implementation in Q4, the new system will apply an industry-wide common standard to investment product risk ratings to improve reliability and comparability for investors.
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