
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

PEPs & Sanctions
Top EU Official Concerned by Russian Oil Flowing into Europe
18/05/2023
India is buying heavily discounted crude oil from Russia and selling full-priced refined products into Europe. Josep Borrell said the EU must act.

Tokenisation
GFMA Report Details How DLT Will Benefit Capital Markets
18/05/2023
The report calls for market participants to proactively shape the future use of DLT and for policymakers to provide greater regulatory clarity.

Supervision & Enforcement
Wells Fargo Agrees to Pay $1bn to Settle Class Action
18/05/2023
Shareholders accused Wells Fargo of overstating how well it was complying with 2018 consent orders from financial regulators.

Resolution & Recovery
APRA Finalises New Resolution Planning Standard & Guidance
18/05/2023
CPS 900 will formally come into effect from 1 January 2024, but individual entities would only be subject to the requirements when notified by APRA.

Resolution & Recovery
Swiss Parliamentary Commission to Investigate Credit Suisse Deal
18/05/2023
The investigation’s exact mandate and the membership of the commission will be decided in legislative sessions which begin on 30 May.

Trading & Investment
CDS Payments Not Triggered by Credit Suisse Bond Wipe-out
18/05/2023
The EMEA Credit Derivatives Determination Committee was asked to rule on whether the Credit Suisse takeover should trigger insurance payouts on bonds.

Resolution & Recovery
FDIC Ordered to Return Tax Refund Cheques to SVB Financial
18/05/2023
The court ruled that the FDIC has no authority to intercept tax refund checks clearly written out to “SVB Financial”, the bankrupt former parent of Silicon Valley Bank.

Structural Regulation
Futu, Tiger Brokers to Delist from Chinese App Stores
17/05/2023
The online brokers were ordered in December to stop opening accounts for mainland investors to invest in Hong Kong and US markets.

ESG Data
ICMA, LuxSE Launch New Sustainable Bond Database
17/05/2023
Data is available on more than 8,700 listed green, social, sustainability and sustainability-linked bonds aligned with ICMA’s Principles.

Reporting & Disclosures
Malaysia to Update TCFD Adoption Guide for FIs
17/05/2023
The guide will be updated to take into account the new general sustainability-related (S1) and climate-related (S2) disclosure standards from the ISSB.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.