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
Trading & Investment
Investors Sue MUFG Unit Over Credit Suisse AT1 Losses
01/09/2023
The plaintiffs say Mitsubishi UFJ Morgan Stanley Securities sold them the AT1 bonds without providing sufficient explanations and in violation of suitability rules.
Resolution & Recovery
Chinese Regulators Ask Citic, CCB Units to Stabilise Zhongrong
01/09/2023
Citic Trust Co and CCB Trust Co are asked to stabilise operations at Zhongrong International Trust, which defaulted on its investment products in August.
Credit Risk
PBOC Pledges to Ease Funding Access for Private Enterprises
01/09/2023
Lenders will be required to set annual goals for lending to private enterprises; this lending will carry extra weight in banks’ performance reviews.
PEPs & Sanctions
UK Discloses Russia Sanctions Breach by Wise Payments
01/09/2023
The disclosure is meant to act as a form of censure and deterrent, while also providing compliance lessons. No monetary penalty was imposed.
Supervision & Enforcement
Almost 100 Superannuation Products Fail APRA Performance Test
31/08/2023
AMG MySuper failed the test for the third consecutive year; 96 trustee-directed products also failed the test.
Fraud, Scams & Cybercrime
Korea Reopens Investigations into Handling of Lime Funds
31/08/2023
Search and seizure operations were carried out at two securities firms on Thursday. Additional inspections at a third firm.
Payments & Settlements
India, New Zealand Start Talks on UPI-based Payments Link
30/08/2023
NPCI and Payments NZ are in early discussions regarding the use of the UPI system to establish a cross-border payment link.
Supervision & Enforcement
US SEC Fines Citigroup for ‘Wilful’ Record-Keeping Violations
30/08/2023
The SEC said Citigroup Global Markets used an “unsubstantiated and unverified” method to calculate and record indirect expenses associated with its underwriting work.
Capital Adequacy
FSB Commences Review of Post-GFC Securitisation Reforms
30/08/2023
The FSB will assess the extent to which the securitisation reforms are achieving their intended objectives.
Clearing & Post-Trade
KSD-Clearstream Trading Link to Open in H1 2024
30/08/2023
KSD’s agreement with Clearstream comes just a day after it signed a similar agreement with Euroclear, to open access to Korean government bonds.
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