Thisanka Siripala is an experienced journalist and a reporter for Regulation Asia based in Japan.
ESG / Sustainability
OCC Becomes Latest US Regulator to Withdraw from NGFS
13/02/2025
The OCC’s withdrawal from the NGFS follows similar moves by the US Treasury, Federal Reserve and FDIC.
Enforcement
Korea’s FSS Expands Probe Into IBK’s Fraudulent Loan Scheme
13/02/2025
Fraudulent loans worth KRW 60 billion have been identified, which is more than double the original estimate when the FSS launched its probe last month.
Market Infrastructure
Korea FSS Emphasises Stability and Innovation in 2025 Business Plan
13/02/2025
A major component of the plan is the modernisation of Korea’s capital market, including supporting the introduction of new investment products
Crypto / Digital Assets
OECD Offers Recommendations to Boost Tokenisation in Markets
12/02/2025
New OECD report outlines factors hindering broader adoption of asset tokenisation and offers a series of recommended policy actions.
Fintech / Regtech
UK and US Refuse to Sign AI Declaration at Paris Summit
12/02/2025
The UK said the declaration lacked clarity on global governance and did not sufficiently address national security risks.
Crypto / Digital Assets
Korean Crypto Exchanges Urged to Bolster IT Security After Failures
12/02/2025
FSS inspections in the last two months found traffic surges overloaded exchange servers, highlighting the need for infrastructure upgrades.
Enforcement
HSBC Acquitted of Violating South Korea’s Short-Selling Rules
12/02/2025
The court said there was no evidence to support the idea that HSBC and its traders knowingly violated South Korea’s Capital Markets Act
Crypto / Digital Assets
Japan Considers Stricter Disclosure Rules for Crypto Firms
12/02/2025
The proposed framework would require crypto firms to disclose financial and operational information like publicly traded companies.
Securities / Derivatives
US States Accuse Asset Managers of Downplaying China Risks
11/02/2025
While multiple firms are being targeted, much of the scrutiny is directed at BlackRock, the world’s largest asset manager.
Big Picture
Swift Action Needed for Transition to Post-Quantum Cryptography
11/02/2025
The Europol-backed Quantum Safe Financial Forum said FIs and policymakers must take immediate steps towards a quantum-safe financial ecosystem.
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