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
CSRC Bans Haitong Securities from Advisory Work for One Year
25/03/2021
The CSRC said Haitong did not effectively control risk in its bond business dealings, which resulted in Yongcheng Coal’s CNY 1 billion default.
Structural Regulation
US SEC Consults on ‘Holding Foreign Companies Accountable’ Rules
25/03/2021
The SEC is seeking public comments on its process for identifying companies that fail to meet the new standards, as well as submission and disclosure requirements.
Structural Regulation
Internet-only LINE Bank Commences Trial Operations in Taiwan
25/03/2021
Only LINE Bank employees will participate in the trial operations. Depending on the results, full operations could commence by late April.
Conduct, Culture & Accountability
SFC Fines GEO Securities for Breaching Licence Conditions
25/03/2021
The firm also did not have effective controls in place for product due diligence, client risk tolerance assessment, and record-keeping.
Payments & Settlements
PBOC, SWIFT to Establish Cross-border Payment Stability
25/03/2021
The PBOC’s joint venture with SWIFT will build a localised messaging network to provide Chinese FIs with a more stable connection to the main SWIFT network.
Structural Regulation
Group of Seven Agrees to ‘Sizeable’ Increase in IMF Reserves
24/03/2021
The G7 has also agreed to work with the IMF to enhance transparency and accountability around the usage of SDRs.
Capital Adequacy
Bangladesh Bank Eases Dividend Caps for Banks, NBFIs
24/03/2021
Banks can pay up to 35 percent in dividends and NBFIs up to 30 percent, provided half of the dividend is paid in stock.
Operational Risk
MAS, ABS Publish Guidance on Workplace Design Strategies
24/03/2021
Strategies and good practices presented in a newly published study are aimed at supporting FIs in building pandemic-resilient workplaces.
Structural Regulation
ASIC to Adopt ‘No-Action’ Position to Facilitate Virtual AGMs
24/03/2021
ASIC supports the holding of meetings using appropriate technology and the electronic dispatch of notices of meetings including supplementary notices.
Market Abuse
CFTC Penalises Coinbase for False Reporting, Wash Trading
23/03/2021
The settlement requires Coinbase to pay $6.5mn, and desist from any further violations of the Commodity Exchange Act or CFTC regulations.
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