Cloud & Infrastructure

Vietnam to Create Fintech Sandbox for Banking Sector

21/09/2021

The central bank will coordinating with government departments and agencies to develop a decree to enable the sandbox.

Fraud, Scams & Cybercrime

HK Court Convicts Former Convoy Executives for Fraud

21/09/2021

Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.

Cybersecurity

BCBS Calls on Banking Sector to Enhance Cyber Defences

21/09/2021

Remote work arrangements and digital financial services have “enlarged banks’ attack surfaces”, creating opportunities for malicious actors, the BCBS said.

Trading & Investment

JSDA to Form Industry Panel to Review IPO Pricing Mechanism

20/09/2021

Startups say IPO prices are set too low prior to listing and that they have often surged on listing. Brokers say the gaps are caused by volatility.

Conduct, Culture & Accountability

FSS Korea to Appeal Ruling Nullifying Woori Chairman Ban

20/09/2021

The appeal will follow a court decision to nullify an FSS decision to ban Woori Financial Group chairman Sohn Tae-seung for three years.

Structural Regulation

BSP Grants Sixth Digital Bank Licence to PayMaya

20/09/2021

The seventh and final digital bank is likely to be an existing bank applying to convert into a digital bank, but approval has been delayed.

Trading & Investment

OSE, TOCOM Launch New Derivatives Trading System

20/09/2021

J-GATE 3.0 will help to expand market liquidity and improve reliability and convenience for investors and trading participants.

Trading & Investment

Montréal Exchange Extends Trading Hours to Accommodate APAC

20/09/2021

The Canadian derivatives exchange said it is syncing its trading hours with APAC markets to support growing investor demand.

Structural Regulation

CSRC Drafts Disclosure Rules for SMEs on New Beijing Exchange

20/09/2021

The proposed rules sets requirements on disclosure content and format to ensure the effectiveness and readability of information disclosures SMEs on the BSE.