Editors

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    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

    OFAC Blocks Secondary Market Trading in Russian Debt, Equity

    12/06/2022

    To date, only the purchase of new issues has been prohibited, and trading in secondary markets has still been allowed.

    AML / KYC

    BNM Directs Banks to Enhance Fraud Risk Controls

    12/06/2022

    BNM will take supervisory and enforcement actions against banks that fail to protect their customers from fraud risk.

    Enforcement

    US Ruling Calls Into Question Key SEC Enforcement Mechanism

    12/06/2022

    The Fifth Circuit court ruled that the SEC’s use of in-house administrative law judges deprived the petitioners of the right to a jury trial.

    Securities / Derivatives

    FSC Korea to Improve Fairness of Accounting Review Process

    12/06/2022

    The review period will be limited to one year in principle, with the possibility of a six-month extension, to prevent accounting reviews from being prolonged.

    Enforcement

    Singapore Police Arrest Eight Involved in SMS Phishing Scams

    10/06/2022

    The scammers were arrested after more than SGD 60,000 was lost in SMS phishing scams targeting DBS customers.

    HKMA Invites Global Banks to November Summit in Hong Kong

    10/06/2022

    The two-day summit is reportedly aimed at reversing an exodus of financial talent from Hong Kong after more than two years of Covid-19 measures.

    Market Infrastructure

    FSB, IMF Conclude Second G20 Data Gaps Initiative

    09/06/2022

    A third data gaps initiative has been proposed, to address data gaps relating to climate change, fintech and financial inclusion, among other things.

    Enforcement

    ASIC Sues Payday Lender Over ‘Prohibited’ Fees

    09/06/2022

    The case involves over 670,000 contracts entered into by Sunshine Loans that included an amendment or rescheduling fee that is not permitted.

    Crypto / Digital Assets

    BOE Publishes Primer Explaining Plans for Possible CBDC

    09/06/2022

    The BOE will seek views from the public later this year about the possible issuance of a CBDC in the “second half of the decade” at the earliest.

    Capital / Liquidity

    RBI Issues Standard Asset Provisioning Rules for Large NBFCs

    09/06/2022

    The new provisioning rules are part of a new regulatory framework for NBFCs that takes effect on 1 October.

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