Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Capital / Liquidity
HKMA Announces Refinements to USD Liquidity Facility
22/05/2024
The settlement date will be the same day as the tender date (T+0), instead of the business day after the tender date (T+1).
Capital / Liquidity
FSC Korea to Further Normalise Bank LCR Requirement in H2
22/05/2024
The FSC also decided to extend regulatory relaxations available to financial investment companies, specialised credit finance businesses, and savings banks.
Enforcement
LIBOR Convictions to be Raised With UK Supreme Court
22/05/2024
The Court of Appeal opened the door for Tom Hayes and Carlo Palombo to directly apply to the Supreme Court for permission to appeal their convictions.
Capital / Liquidity
FSC Korea Proposes Rule Changes to Boost Microfinance Support
22/05/2024
The FSC proposes to temporarily increase the rate of contributions financial companies make towards providing microloans to vulnerable individuals.
FDIC Chair to Step Down Over Culture Problems
22/05/2024
An independent review found a toxic work environment at the FDIC over decades, including “demeaning and inappropriate” interactions with staff by current chair Martin Gruenberg.
Sanctions
Canada Announces Sanctions Targeting DPRK-Russia Arms Trade
22/05/2024
Two individuals and six entities were sanctioned for their involvement in the transportation of weapons from North Korea to Russia.
Securities / Derivatives
Korea: FSS Head Considers Partial Lifting of Short Selling Ban
22/05/2024
FSS Governor Lee Bok-hyun said he personally wishes to allow short selling practices in June, at least partially.
Fintech / Regtech
Swift Enables Banks to Improve Services for Corporates
22/05/2024
Swift will extend ISO 20022 across the entire payment chain, and provide ready-to-use, white-labelled payment tracking services via API.
Capital / Liquidity
FSC Korea Permits Daegu Bank to Convert Banking Licence
22/05/2024
Daegu Bank will be the first regional bank to convert into a nationwide bank. It will also be the first new commercial bank in 32 years.
Market Infrastructure
PBOC, BOT to Promote Local Currency Use in Bilateral Transactions
22/05/2024
The PBOC and BOT governors also discussed banking and financial cooperation and cross-border payment and settlement.
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