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 Adequacy
HK LegCo Reviews Legislation to Implement RBC Regime for Insurers
22/03/2024
The legislation covers revised qualifications for actuaries and the fees and levies payable to the IA. The new regime will commence from 1 July 2024.
Structural Regulation
US SEC Facing Industry Lawsuit Over Dealer Rule
22/03/2024
AIMA and others say the SEC does not have statutory authority to change the definition of “dealer” and did not take into account economic consequences when adopting the rule.
Climate Risk
IAIS Launches Third Public Consultation on Climate Risk
22/03/2024
The consultation addresses issues relating to corporate governance, risk management and internal controls, valuation, investment policy and enterprise risk management.
Cryptocurrency
US SEC Seeking Information About Ethereum Foundation – Reports
22/03/2024
The SEC has issued subpoenas to companies asking about their dealings with the foundation, purportedly in relation to the possible classification of Ethereum as a security.
Capital Adequacy
China Tightens Rules for Consumer Finance Companies
22/03/2024
The minimum registered capital is more than tripled to CNY 1 billion, and the major investors must have at least a 50% equity stake, compared to 30% previously.
PEPs & Sanctions
US, Türkiye Agree on New ‘Sanctions Compliance Scheme’
22/03/2024
Under the new scheme, the US will allow Turkish authorities to first investigate potential sanctions violations before action is taken against Turkish companies.
PEPs & Sanctions
More Chinese Banks Stop Accepting Russian Payments – Reports
22/03/2024
Ping An Bank, Bank of Ningbo, Guangfa Bank and Shenzhen Rural Commercial Bank are among those that have all stopped accepting yuan payments from Russia.
PEPs & Sanctions
US Pressure Forces Austria’s Raiffeisen to Back Out of Russia Deal
22/03/2024
The deal would have helped to reduce Raiffeisen Bank’s exposure to Russia, but it would have involved a transaction with a sanctioned Russian oligarch.
PEPs & Sanctions
OFAC Sanctions Nicaragua’s Attorney General for Corrupt Practices
21/03/2024
OFAC said Nicaragua’s Attorney General facilitated the theft of real property formerly belonging to independent media outlets, NGOs, and political prisoners.
Anti-Money Laundering
Top HK Official Addresses Frozen Remittances in Mainland China
21/03/2024
94 of 161 cases of frozen remittances from 2023 have been resolved as a result of the Customs and Excise Department’s intervention and bilateral negotiation.
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