
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Clearing & Post-Trade
SWIFT Launching New Service to Reduce Settlement Fails
02/10/2022
The service will use UTIs to enable automated tracking of both sides of the transaction by all market participants involved.
Credit Risk
RBNZ Seeks Feedback on Risk Weighting Requirements
02/10/2022
The proposed changes are designed to clarify risk weighting requirements under the RBNZ’s bank capital adequacy rules.
Stablecoins
Korean National Assembly to Question Crypto Execs on Terra
02/10/2022
TerraForm Labs accuses Korean prosecutors of overreach. Luna Foundation Guard money allegedly transferred overseas.
Sustainable Finance
ISDA Analyses Regulatory Treatment of SLDs in Hong Kong
02/10/2022
The paper considers how SLDs would be classified and regulated, and the compliance issues for market participants to consider when executing SLDs.
PEPs & Sanctions
US Sanctions Asia Firms for Facilitating Iranian Oil Sales
01/10/2022
The US designated companies based in China, the UAE, Hong Kong and India. Separately, Canada plans to sanction Iran’s “morality police”.
Conduct, Culture & Accountability
New Zealand Consults on Regulations to Support CoFi Regime
01/10/2022
Two consultations have been issued, including an exposure draft on regulations defining prohibited volume-based sales incentives.
Cryptocurrency
UK FCA Grants Revolut Approval to Offer Crypto Services
01/10/2022
Revolut was allowed to remain on a temporary register after a March deadline for approvals until its application was fully processed.
Emerging Prudential Risks
PBOC Launches Relending Facility for Equipment Upgrades
30/09/2022
The re-lending facility will provide low-cost funding for loans issued to support equipment upgrades, digital transformation and renovations by businesses.
Credit Risk
SEBI Issues New Rules for Ratings of Credit-enhanced Securities
30/09/2022
The rules require CRAs to make certain disclosures and conduct independent due diligence on the nature of support provided by an external or third party.
Market Abuse
Japan SESC Seeks Penalty Order Against SMBC Nikko Securities
30/09/2022
The SESC has recommended that the FSA punish SMBC Nikko Securities for stock price manipulation and shortfalls in its trading surveillance system.
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