Market Infrastructure

SHFE to Introduce Commodity Swaps with Central Settlement

30/01/2022

Shanghai Futures Exchange has issued new rules setting out the requirements for firms to participate as primary dealers, secondary dealers and settlement institutions.

Bangladesh Bank Sets Minimum Salary Standards for Banks

29/01/2022

The new standards come into effect on 1 March. Banks will not be allowed to make salary increases dependent on deposit targets.

Enforcement

SFC Fines Citigroup Asia Unit for Client Facilitation Misconduct

28/01/2022

Deceptive practices were deployed at the expense of clients’ best interest and to the detriment of market integrity, said SFC chief Ashley Alder.

Enforcement

US Court Acquits Deutsche Traders in LIBOR Rigging Case

28/01/2022

Former Deutsche Bank traders Matthew Connolly and Gavin Black were convicted in October 2018. Both have now been acquitted.

Market Infrastructure

Five More HK Banks Approved to Launch WMC Services

28/01/2022

Chiyu Banking Corporation, Chong Hing Bank, Fubon Bank, Shanghai Commercial Bank, and China Everbright Bank can launch WMC services.

Fintech / Regtech

OJK Indonesia Bars FIs From Facilitating Crypto Trading

28/01/2022

OJK warns of market fluctuations and other risks, including the existence of crypto investment Ponzi schemes.

AML / KYC

Taiwan FSC Identifies Crypto ATMs Breaching AML Rules

28/01/2022

Of 16 companies that have reported their AML compliance to the FSC, 13 will be required to make corrections.

ESG / Sustainability

BSP Implementing “RING” Approach to Protect Financial System

27/01/2022

“RING” stands for Risk management guidelines, Integrity, New technologies, and Governance standards, said BSP governor Benjamin Diokno

Market Infrastructure

Malaysia, Indonesia Launch Cross-border QR Payments Linkage

27/01/2022

The linkage will eventually be expanded to support real-time cross-border fund transfers. The 2nd phase of Malaysia’s QR payment linkage with Thailand has also gone live.