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
Clearing & Post-Trade
Regulators Announce 15 May Launch Date for Swap Connect
06/05/2023
Swap Connect will allow overseas investors to trade in Mainland interest rate swap contracts on CFETS via Tradeweb and Bloomberg.
Anti-Money Laundering
India Amends Laws Governing Accountants, Company Secretaries
05/05/2023
Chartered accountants, company secretaries, and cost and work accountants will have to maintain records of all financial transactions for clients.
Operational Risk
MAS Imposes Additional Capital Surcharge on DBS for Outages
05/05/2023
A new disruption on 5 May prevented users from accessing digital banking, mobile wallet, brokerage, and ATM services.
Market Abuse
Ex-OpenSea Manager Convicted for NFT Insider Trading Scheme
05/05/2023
Nathaniel Chastain chose which NFTs to feature on OpenSea’s home page and then covertly traded those NFTs, altogether making about $57,000 in profits.
Fraud, Scams & Cybercrime
Taiwan P2P Lender Collapses, Operator Arrested for Fraud
05/05/2023
The FSC is investigating five banks that dealt with the P2P lending platform, which was operated as a Ponzi scheme and stole an estimated $81.6mn from investors.
Market Abuse
Goldman Under Probe for Possible Role in SVB Collapse
05/05/2023
Goldman Sachs said it is cooperating with governmental bodies in connection with their investigations and inquiries into SVB.
Structural Regulation
India Asks State Lenders to Bring Overseas Business to GIFT City
05/05/2023
India’s government has asked public sector banks to explore consolidating the business they conduct through overseas branches to GIFT City.
Payments & Settlements
India, Russia Suspend Efforts to Enable Trade via Rupees – Report
05/05/2023
Russia is reportedly concerned that a rupee settlement mechanism could cause it to end up with a large rupee surplus which is “not desirable”.
Nature & Biodiversity
Working Group Formed to Update Bank Guidance on Biodiversity
05/05/2023
The working group, co-led by Crédit Agricole SA, First Abu Dhabi Bank and UBS, will issue updated guidance for banks on setting and achieving biodiversity targets.
Reporting & Disclosures
ISSB Seeks Stakeholder Feedback on New Research Projects
05/05/2023
The ISSB is proposing to start work on three new sustainability-related research projects and a project researching integration in reporting.
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