Conduct, Culture & Accountability

US Fed to Review Ethics Rules Following Disclosures by Officials

19/09/2021

Financial disclosures filed by senior Fed officials showed multiple stock trades in 2020 worth millions of dollars, raising concerns over conflicts of interest.

Trading & Investment

HKMA Names Market Makers for Southbound Bond Connect

18/09/2021

The designated market makers were selected based on several criteria, including their Hong Kong bond market activities and their counterparty networks with Mainland FIs.

Market Abuse

CSRC Forms Inter-agency Group to Rein in Capital Market Crime

18/09/2021

The group will enhance coordination between the central and local government agencies to better enforce against and punish capital markets misconduct.

Supervision & Enforcement

Malaysia Secures Settlement from KPMG to Resolve 1MDB Claims

18/09/2021

The settlement concludes a civil suit filed against KPMG and its current and former partners over the audits 1MDB’s 2010-2012 financial statements.

Cryptocurrency

Laos Authorises Six Companies for Crypto Mining, Trading

18/09/2021

Government ministries will work with the central bank and national power utility to decide on rules governing the use of cryptocurrencies.

Credit Risk

Huarong Puts Assets Up for Sale in Restructuring Effort

18/09/2021

The move follows an agreement by state-backed investors including Citic Group to recapitalise Huarong.

Credit Risk

S. Korea to Extend Loan Support for SMEs Six More Months

18/09/2021

To help support small businesses, state-run financial institutions will provide liquidity worth about 4 trillion won.

Payments & Settlements

BSP Directs Payment Systems to Adopt PFMI Standards

18/09/2021

Designated payment systems are expected to demonstrate adequate governance and risk management arrangements in line with the PFMI.

Payments & Settlements

ACCC Launches Formal Investigation into Apple Pay

17/09/2021

Cards held in a third-party wallet such as a bank app can pay in-store only if they are routed through Apple Pay for a cost.