Tokenisation

SET to Launch Digital Asset Exchange ‘Very Soon’

03/03/2022

The new digital asset exchange will not offer cryptocurrency trading, but instead focus on investment tokens and utility tokens.

Trading & Investment

JSDA Proposes Measures to Improve IPO Pricing Mechanism

03/03/2022

JSDA proposes to allow brokers greater flexibility in IPO price-setting, and to allow prices to exceed pre-set bands if demand is strong.

Fraud, Scams & Cybercrime

Thai Police, Banks Launch New Centre for Reporting Cybercrime

03/03/2022

The new platform is expected to reduce waiting times at police stations and help banks to cancel fraudulent financial transactions more quickly.

Conduct, Culture & Accountability

Bursa Malaysia Launches New Initiative to Boost Appeal of PLCs

02/03/2022

Five digital guidebooks will be issued in 2022, to help publicly listed companies adopt best practices in areas such as governance and sustainability.

Anti-Bribery & Corruption

SFC Permanently Bans Ex-HSBC Employee Over Bribery Convictions

02/03/2022

The former vice president accepted gifts as inducements to handle credit applications and maintain the credit facilities for two companies controlled by a client.

Cryptocurrency

China Supreme Court Makes Crypto Fundraising a Criminal Offence

02/03/2022

Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison.

Conduct, Culture & Accountability

SFC, HKMA Launch Joint Review of Investment Product Selling Practices

02/03/2022

The review’s objectives are to assess intermediaries’ compliance with requirements to perform product due diligence, conduct suitability assessments and provide information to clients.

Emerging Prudential Risks

Bangladesh to Extend Deposit Protection to NBFIs

01/03/2022

Currently only bank depositors are protected and customers of other types of deposit-taking financial institutions are not covered.

Cloud & Infrastructure

FSC Korea Issues Guidelines on Mobile Bank Apps

01/03/2022

Banks are expected to introduce updated versions of their mobile applications to make them more “senior friendly” by the first half of 2023.