Editors

    image

    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

    BSP Eases Confirmation Process for Bank Directors, Officers

    20/02/2022

    The amendments aim to limit the coverage of officers requiring confirmation for appointment and to streamline documentary requirements.

    Enforcement

    UK HMRC Seizes Three NFTs in Fraud Investigation

    20/02/2022

    Three people were arrested on suspicion of attempting to defraud HMRC using 250 fake companies. This is the first time a UK agency has seized NFTs.

    Enforcement

    FSC Korea Fines IBK and Fund Manager Over Mis-sold Funds

    20/02/2022

    Industrial Bank of Korea also has to suspend its private fund sales operations for 1 month. Discovery Asset Management and its CEO are suspended for 3 months.

    Enforcement

    FSA Issues Business Improvement Order to Mizuho, Again

    18/02/2022

    The business improvement order requires Mizuho and its parent to report to the FSA about the cause of another system failure which halted ATM operations on 11 February.

    Big Picture

    HKCERT Warns of Information Security Risks in 2022

    18/02/2022

    NFT and metaverse-related risks, and crypto account hacks and thefts, were cited as top information security risks for the first time.

    AML / KYC

    18 Crypto Exchanges Jointly Launch Travel Rule Solution

    18/02/2022

    The firms include BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, and Robinhood, among others.

    Fintech / Regtech

    Indonesia Advances Local Currency Use in Cross-border Settlement

    17/02/2022

    Domestic banks will be able to access other Asian currencies via cross-currency repo and other collateralised transactions with Bank Indonesia.

    Enforcement

    US Agencies Probe Block Trading Practices at Banks, Hedge Funds

    17/02/2022

    The DOJ and SEC are reportedly examining whether banks may have improperly alerted hedge funds ahead of market-moving block trades.

    Securities / Derivatives

    HK SPAC Regime Threatened by Lack of D&O Insurance – Report

    17/02/2022

    Few insurers in Hong Kong provide liability insurance for directors and officers of SPACs. Those that do charge premiums up to five times higher than for traditional IPOs.

    Enforcement

    HK Court Orders Illicit Insider Dealing Profits to Be Returned

    17/02/2022

    Illicit profits made from insider dealing in the shares of GEM-listed TeleEye Holdings in 2016 will be returned to 63 investors.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team