Securities / Derivatives

ESMA Publishes Trade Transparency Standards for MiCA

05/07/2024

ESMA report includes standards for how crypto trading platforms should publish data required for pre-and post-trade transparency.

Fintech / Regtech

Korea to Provide Policy Finance Support for AI Development

04/07/2024

Korea Development Bank will provide KRW 3 trillion in low-interest rate loans to AI-related sectors and create a new “AI Korea Fund” worth KRW 500 billion.

China to Cap Salaries in Financial Industry – Report

04/07/2024

The measure could be applied retroactively, requiring those who earned more than CNY 3 million over the past few years to return the excess.

Securities / Derivatives

China Launches Covered Bond Programme for Private Firms

04/07/2024

Four companies issued bonds on Tuesday through the new programme, which aims to help private businesses secure financing.

AML / KYC

FATF Plans to Update Guidance for Money Laundering NRAs

04/07/2024

The FATF aims to make NRA guidance “more effective, comprehensive and useful for all stakeholders involved”.

Enforcement

Singapore Jails Former Fund Manager for Deceptive Conduct

04/07/2024

Sun Weiyeh is the first to be convicted under the SFA for fraudulent or deceptive conduct relating to OTC bond trading.

Enforcement

MAS Fines GSG Capital Director for Insider Trading

04/07/2024

The sole shareholder and director of GSG Capital bought shares in SGX-listed GS Holdings while in possession of material non-public information.

Sanctions

Russia Urges Crypto Use for Cross-border Payments

04/07/2024

CBR governor Elvira Nabiullina said Russia has softened its stance on the use of cryptocurrencies in international payments.

ESG / Sustainability

Philippine SEC Approves Launch of First Blue Bonds

04/07/2024

The approval was granted to Maynilad Water Services, which plans to raise capital for projects that promote sustainable water management.