Fraud, Scams & Cybercrime

More Chinese Firms Fall Under India Probe for ‘Irregularities’

02/06/2022

The MCA says it has received information that indicates potential violations including fraud by Chinese companies operating in India.

Structural Regulation

AFCA to Start Using New Funding Model from 1 July

01/06/2022

The new user-pay model will reward good performance and early resolution while apportioning fees fairly based on the actual use of AFCA’s services.

Fraud, Scams & Cybercrime

Malaysia SC Offers Guidance on Detecting Fake Investment Firms

01/06/2022

In one case, approximately $821,000 flowed through one mule bank account controlled by scam operators within a period of six months.

Cybersecurity

Thailand to Set Up New Sandbox for Testing of Corporate NDID

01/06/2022

The BOT is planning to also introduce sandboxes in the virtual banking and digital assets space, the relevant regulations are in place.

CBDCs

BOJ Releases Phase One Findings from CBDC Testing

01/06/2022

Phase one of CBDC experimentation was conducted from April 2021 to March 2022. The BOJ tested three CBDC ledger design alternatives.

Structural Regulation

BSEC Tightens Circuit Breaker to Contain Stock Market Loses

01/06/2022

The lower limit was reduced from 5 percent to 2 percent. The upper limit was kept unchanged at 10 percent.

Emerging Prudential Risks

BCBS Progresses Work on Climate Risk, Crypto Assets

01/06/2022

The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks’ crypto-asset exposures.

Reporting & Disclosures

German Prosecutors Raid DWS Offices Over ESG Claims

01/06/2022

“Sufficient factual evidence” has emerged that ESG factors were not taken into account in many investments, contrary to claims made in DWS fund prospectuses.

DeFi & Web3

MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols

31/05/2022

The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.