Alternative Markets

FSC Korea Unveils Policy Measures to Bolster Startup Ecosystem

11/04/2023

The measures aim to address the challenges startups and venture capital firms face amid a slump in investment sentiment.

Structural Regulation

First Mainboard Stocks List in China Under New IPO System

11/04/2023

At a listing ceremony on Monday, CSRC chairman Yi Huiman said the reforms mean regulators “no longer pass judgment” on a firm’s investability or value.

Anti-Money Laundering

FATF Holds First In-Person Joint Experts Meeting Since 2019

11/04/2023

The three day event covered themes including cyber-enabled fraud, terrorist financing through crowdfunding, and the risks and challenges associated with hawala.

PEPs & Sanctions

China Sanctions US Organisations over Taiwan Presidential Visit

11/04/2023

China sanctioned the Ronald Reagan Presidential Library and US think tank Hudson Institute for hosting Taiwan President Tsai Ing-wen last week.

Tokenisation

SEB, Crédit Agricole Launch Digital Bond Issuance Platform

11/04/2023

The platform uses a blockchain validation protocol called “Proof of Climate awaReness”, which incentivises participating nodes to improve their environmental impact.

Sustainable Finance

Taiwan Loosens Bond Issuance Rules for Foreign Banks

11/04/2023

The changes allow foreign banks to use the issuance proceeds to finance a wider range of sustainable economic activities and carbon reduction transformation projects.

Anti-Bribery & Corruption

Korea Arrests More Coinone Employees Over Bribery Allegations

11/04/2023

The employees are accused of engaging in bribery conduct to list digital assets on Coinone’s platform.

Capital Adequacy

Hong Kong to Introduce Risk-based Capital Regime for Insurers

11/04/2023

An amendment bill was gazetted that will make capital requirements for insurance companies more sensitive to their asset and liability matching, risk profile and mix of products.

KYC & CDD

US State Regulators Fine Robinhood for Causing Investor Harm

11/04/2023

Robinhood disseminated inaccurate information to customers and did not have a reasonably designed customer identification programme, among other failures.