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
Market Risk
HKMA Finalises Rules on Market Risk, CVA Risk Capital
18/03/2024
The HKMA said the revised market risk and CVA risk capital frameworks will come into effect “on a day to be appointed”, but intended to be 1 January 2025.
PEPs & Sanctions
Russia Imposes New Personal Sanctions on 227 US Citizens
17/03/2024
The sanctions target several current and former State Department officials, along with journalists, researchers, and members of the business community.
PEPs & Sanctions
OFAC Targets Another Vessel Over Iran Commodity Shipments
17/03/2024
The sanctions target a Panama-flagged vessel which OFAC says headed to China carrying Iranian commodities received on behalf of a Houthi financial facilitator.
PEPs & Sanctions
G7 Warns of Sanctions if Iran Delivers Missiles to Russia
17/03/2024
If Iran delivers ballistic missiles to Russia, Iran Air flights to European cities could be suspended, among other unspecified measures.
KYC & CDD
BSP Directs Banks to Prioritise PhilID in Customer KYC, Verification
15/03/2024
The BSP has identified the national ID, which is part of PhilSys, as a driver of financial inclusion in the Philippines.
Market Abuse
US Regulators Announce $350m Penalty for JPMorgan
15/03/2024
The action, taken to address trade surveillance deficiencies, requires the bank to seek regulatory approval to onboard any new trading venue.
Conduct, Culture & Accountability
Australia: More Guidance Issued to Support FAR Implementation
15/03/2024
On top of guidance for banks, APRA and ASIC issued a consultation on FAR implementation for insurance and superannuation entities.
Cryptocurrency
Australian Court Rules Against ASIC in ‘Finder Earn’ Crypto Case
15/03/2024
The court ruled against ASIC’s contention that the crypto investment product known as ‘Finder Earn’ was a debenture and therefore required authorisation.
Resolution & Recovery
Korea: Woori Achieves Full Privatisation 26 Years After Bailout
15/03/2024
Woori Financial Group, born through a merger of banks in the aftermath of the Asian financial crisis in 2018, is now fully privatised.
PEPs & Sanctions
OFAC Penalises Swiss Bank for Apparent Sanctions Violations
15/03/2024
OFAC said EFG International caused US firms to process 873 securities-related transactions on behalf of sanctioned individuals.
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