Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
Climate Risk
EU Lawmakers Agree on Enhancements to Carbon Market
22/12/2022
The agreement, which still needs formal endorsement, will accelerate the pace at which energy-intensive companies are obligated to reduce emissions.
Operational Risk
UK Regulators Fine TSB Bank Over IT Upgrade Failures
22/12/2022
An IT system upgrade in April 2018 resulted in nearly 2 million TSB Bank customers being unable to access banking services.
Sustainable Finance
China Preparing to Issue New Rules for Green Funds – Report
22/12/2022
The new rules will require mutual funds and ETFs to have at least 60 percent of their assets in defined green investments to be eligible to be sold as green products.
Anti-Money Laundering
NZ FMA Takes Tiger Brokers to Court for AML Failings
22/12/2022
Tiger Brokers failed to appropriately vet customers, respond to activities that should have raised concerns, and maintain appropriate records.
Structural Regulation
ESMA Publishes Final Guidelines, Validation Rules for EMIR Refit
22/12/2022
ESMA published its final guidelines for reporting under EMIR, the final validation rules, and reporting instructions for outgoing and incoming messages.
Operational Risk
RBI Directs Banks to Improve Financial Statement Disclosures
22/12/2022
The RBI has asked banks to disclose more information when “Other Liabilities and Provisions” and “Other Assets” items exceed 1% of total assets.
PEPs & Sanctions
Canada to Seize Russian Assets to Finance Ukraine
22/12/2022
Canada will attempt to seize assets from a company owned by sanctioned Russian oligarch Roman Abramovich, and use the proceeds for Ukraine’s reconstruction.
Conduct, Culture & Accountability
SFC Fines Guosen for Regulatory Breaches Caused by Bugs
21/12/2022
Guosen Securities used expired standing authority of clients because its new operating system failed to send renewal notices to clients.
Reporting & Disclosures
CDP to Help Enhance Sustainability Reporting in Hong Kong
21/12/2022
A new Climate and Environmental Risk Questionnaire has been developed to help SMEs with sustainability reporting.
Reporting & Disclosures
Japan FSA Issues Draft Supervisory Guidelines for ESG Funds
21/12/2022
The FSA issued draft guidelines outlining the checks that will be performed by supervisors to ensure ESG investment trusts are true-to-label.
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