Fintech / Regtech

BOK Panel to Explore Legal Issues of CBDC Issuance

17/06/2020

The BOK has formed a legal advisory group comprising internal and external experts to discuss the legal and regulatory issues surrounding a central bank digital currency.

Crypto / Digital Assets

India Considers Next Steps to Regulate Cryptocurrency

17/06/2020

Market commentators believe that a recent Supreme Court decision has prompted the government to work towards a new regulatory approach, rather than an outright ban.

AML / KYC

Green Crime: A Global Challenge Requiring a Global Response

17/06/2020

A coherent global response and unifying standards are needed to tackle illegal wildlife trade and environmental crime. Financial institutions have a crucial role to play.

Fintech / Regtech

FSC Korea to Enhance Regulatory Framework for Crowdfunding

17/06/2020

SMEs will be allowed to raise funds through crowdfunding platforms, and the capital raising limit will be raised, among other enhancements to the existing framework.

Market Infrastructure

BOJ Expands Coronavirus Lending Programme to Over $1tr

16/06/2020

BOJ governor Haruhiko Kuroda indicated that the total size of the programme could rise further, particularly if a second wave of Covid-19 infections emerges.

Market Infrastructure

OCBC Issues Singapore’s First SORA-based Loan Facility

16/06/2020

The S$150mn three-year corporate loan from OCBC to CapitaLand is hailed as a milestone in the industry’s transition roadmap towards SORA adoption.

Enforcement

Former CSRC Official Jailed for 12 Years for Bribery, Insider Trading

16/06/2020

The case against the CSRC’s former Hunan bureau head was said to be linked to a probe into CSRC former vice chairman Yao Gang, who was jailed for 18 years in 2018.

Securities / Derivatives

ASIC Directs Investment Funds to Correct False Advertising

16/06/2020

Investment funds were falsely being promoted as having little or no risk of capital loss, where higher returns were highlighted without adequate disclosures of risk.

Securities / Derivatives

MUFG Bank Secures China Interbank Bond Market Licence

16/06/2020

MUFG Bank’s wholly-owned China subsidiary has become the first Japanese bank – and the eight foreign bank overall – to win a Bond Settlement Agent licence.