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
Supervision & Enforcement
SocGen Reaches Settlement Over Unauthorised Messaging Probe
03/08/2023
SocGen said it has reached separate settlements with the SEC and CFTC, both of which were “pending formal regulatory approval.”
PEPs & Sanctions
US Lawmakers Accuse BlackRock, MSCI of Aiding China Military
03/08/2023
US House committee accuses BlackRock and MSCI of indirectly financing blacklisted entities that facilitate human rights abuses.
Anti-Bribery & Corruption
Australia High Court Calls for Higher Penalty in Foreign Bribery Case
03/08/2023
High Court justices rejected the A$1.35mn fine ordered in a foreign bribery case, deeming it insufficient.
Anti-Money Laundering
US SEC Flags Deficiencies in Broker Dealer AML Programmes
03/08/2023
Some broker dealers had deficiencies in independent testing, staff training, customer identification and due diligence practices.
Credit Risk
China Announces More Measures to Support Private Firms, Property
03/08/2023
Banks will be encouraged to focus on satisfying the financing needs of enterprises, support exchange rate risk hedging, and further lower their mortgage rates.
PEPs & Sanctions
RBI Approves 34 Russian Vostro Accounts at Indian Banks
03/08/2023
Special Rupee Vostro Accounts were opened by Russian banks at 14 Indian commercial banks, based on guidelines issued by the RBI in July 2022.
Market Data & Technology
CUSIP-Based Entity Identifier Launched for Syndicated Loan Market
03/08/2023
The new 10-character CEI code will enable transparency and system interoperability across the syndicated corporate loan asset class, globally.
Fraud, Scams & Cybercrime
FSS Korea Confirms Embezzlement Case at BNK Kyongnam Bank
03/08/2023
A BNK Kyongnam Bank employee was found to have embezzled $44mn over 15 years by fabricating loan documents and using family accounts.
Trading & Investment
CSRC Issues Updated Market Maker Rules for Beijing Exchange
03/08/2023
The new draft also aims to increase alignment between the rules for the Beijing Stock Exchange and Shanghai’s STAR Market. The net capital requirement is cut in half.
AI Risk & Governance
MAS Says Risk of ‘Herding’ from AI Use is Low
02/08/2023
MAS chairman Lawrence Wong addressed queries on the impact of AI on trading platforms in financial markets.
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