Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
Anti-Money Laundering
India, US Pledge to Cooperate on Global Illicit Finance Risks
17/12/2023
Key topics of the joint India-US AML/CFT Dialogue were virtual assets, sanctions implementation, and beneficial ownership transparency.
PEPs & Sanctions
UK Inaugurates New Iran Sanctions Regime with Joint UK-US Action
16/12/2023
US and UK governments announce joint sanctions against eight individuals as UK’s new Iran sanctions regulations come into force.
PEPs & Sanctions
HK Amends National Security Law to Facilitate Asset Freezes
15/12/2023
The national security law has been amended to allow assets to be frozen “until the conclusion of the proceedings” such as criminal prosecutions.
Anti-Bribery & Corruption
US Congress Passes Foreign Extortion Prevention Act
15/12/2023
The Act prohibits foreign government officials from soliciting or receiving bribes from any person or company under US jurisdiction.
Anti-Bribery & Corruption
Former Bank of China Branch Head Jailed for Life for Embezzlement
15/12/2023
Xu Guojun and accomplices embezzled and misappropriated over $323mn in China’s banking sector’s biggest-ever corruption case.
Payments & Settlements
RBA Sets Out Focus Areas for Upcoming Payments System Review
15/12/2023
The key focus areas for next year’s review are mobile wallets, BNPL services, and least-cost routing, Michele Bullock said.
Credit Risk
Korea Relaxes FHC Rules on Lending to Overseas Subsidiaries
15/12/2023
The FSC said the amendments, effective on 1 January, will “contribute to revitalising the overseas expansion of Korean financial companies”.
Market Abuse
SBI Securities Accused of Manipulating Stock Prices – Reports
15/12/2023
SBI Securities allegedly asked investors to buy shares in stocks that it underwrote on the first day of trading to prop up their stock prices.
Resolution & Recovery
Design of Deposit Insurance Systems to Undergo Review
15/12/2023
The 2023 banking turmoil highlighted issues requiring further analysis to inform a review of IADI’s Core Principles for Effective Deposit Insurance Systems.
Trading & Investment
IOSCO Proposes Good Practices for Handling Market Outages
14/12/2023
IOSCO’s new consultation report identifies five good practices for trading venues to consider for improving market-wide resilience during an outage.
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