Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
AI Risk & Governance
CFTC Consults on AI Uses and Risks in Derivatives Markets
30/01/2024
Responses will inform analysis on whether the CFTC should issue guidance or regulations on the use of AI in derivatives markets.
Credit Risk
China Bad Debt Managers Reported to be Merging Into CIC
30/01/2024
State media Xinhua published and then deleted a report saying Cinda, Orient and Great Wall would merge into CIC.
PEPs & Sanctions
US Sanctions Iraqi Bank for Enabling Iran-backed Terrorist Activity
29/01/2024
US Treasury cut off Al-Huda Bank from the US financial system and sanctioned its owner for serving as a conduit for terrorist financing.
Anti-Bribery & Corruption
Former China Development Bank President Gets 20 Year Jail Sentence
29/01/2024
He Xingxiang was found guilty of taking bribes, providing bank guarantees illegally, issuing loans illegally, and concealing offshore bank deposits.
Resolution & Recovery
Hong Kong High Court Orders Evergrande to Liquidate
29/01/2024
In the ruling, the court noted that Evergrande has not been able to bring forward a concrete restructuring proposal after more than 18 months.
Fraud, Scams & Cybercrime
Japan FSA Issues Orders to Insurance Major Over Fraud Scandal
29/01/2024
Sompo Japan Insurance is required to draw up an improvement plan including steps to change its corporate culture, enhance customer protection, and improve governance.
Liquidity Risk
BOK Allows Non-banks to Participate in Open Market Operations
29/01/2024
Asset management firms, mutual savings banks and credit unions will be eligible to participate in MSB auctions and repo transactions with the central bank.
PEPs & Sanctions
UK Warns of Sanctions Evasion Through Art Storage Sector
29/01/2024
Art market participants should have the ability to conduct regular due diligence checks and identify any change in a client’s circumstances or suspicious activity.
PEPs & Sanctions
Taiwan Machine-making Tools Still Ending Up in Russia – Reports
29/01/2024
While direct exports have stopped, Taiwanese machine-making tools have still been ending up in Russia via third countries, particularly China and Turkey.
CBDCs
UK Publishes Response to Digital Pound Consultation
28/01/2024
No final decision has been made to pursue a digital pound, but work will continue to explore its feasibility and potential design choices.
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