Supervision & Enforcement

FINRA Censures and Fines Mizuho’s US Securities Unit

14/05/2024

Mizuho Securities had inaccurate or incomplete information in more than 300,000 institutional customer confirmations over five years.

Trading & Investment

China Mulls Tax Exemption for Stock Connect Investors

14/05/2024

The proposal to scrap the dividend tax for mainland Stock Connect investors was submitted in March by the SFC’s Tim Liu.

Resolution & Recovery

ICBC, BOC to Issue First TLAC Bonds This Week

14/05/2024

ICBC and Bank of China will each raise CNY 30 billion through TLAC bonds this week, their first such issuances.

Clearing & Post-Trade

HKEX Announces Plans to Enhance Securities Clearing Arrangement

14/05/2024

The enhancement will allow exchange participants that are non-clearing participants to appoint more than one general clearing participant for the clearing and settlement of stock and options trades.

Anti-Bribery & Corruption

FSS Korea Finds Misconduct at Real Estate Trust Companies

13/05/2024

The FSS found extortion of real estate developers, and other misconduct. The cases will be referred to investigative agencies.

Anti-Bribery & Corruption

ICBC, Bank of China Execs Facing Corruption Prosecutions

13/05/2024

New corruption investigations also launched against former officials from the NFRA, CCB and China Development Bank.

Stablecoins

BSP Allow PHP Stablecoin Project to Enter Sandbox

13/05/2024

Coins.ph will test a peso-backed stablecoin in payments, trading, hedging and DeFi applications.

Credit Risk

Korea Unveils New Measures to Speed Up PF Loan Restructuring

13/05/2024

The measures will ensure struggling real estate projects enter restructuring rather than delay the resolution of liquidity risks.

Structural Regulation

HKMA Issues Revised Guideline on SFC-registered AIs

13/05/2024

The revised module aims to serve as a “convenient regulatory handbook” for HKMA-authorised institutions that are also registered with the SFC.