Market Infrastructure

HKMA Exploring Further Enhancements to Wealth Connect

06/06/2024

The individual investor quota was tripled this year, but it is still “not quite enough for private bank clients”, said HKMA’s Eddie Yue.

ESG / Sustainability

SET to Develop New System for Managing Emissions Data

06/06/2024

Energy consumption data will feed directly into the “SET Carbon system”. A prototype is expected to be ready in Q1 2025.

Securities / Derivatives

FIA, DMIST Publishes New Standards on Average Pricing

06/06/2024

DMIST calls for CCPs globally to adopt the new average pricing standards, to drive consistency and improve allocation processes.

Enforcement

Myanmar Cracks Down on Cross-border Remittances

06/06/2024

“Hundi” cash transfer services and overseas property deals are being blamed for a severe depreciation of Myanmar’s currency.

Crypto / Digital Assets

Japan FSA Directs Crypto Firm to Report on $300m Theft

06/06/2024

The FSA directed DMM Bitcoin to investigate and report on the cause of the theft. The government will monitor these efforts and “respond appropriately”.

ESG / Sustainability

Japan Forms Group to Examine Carbon Market Infrastructure

06/06/2024

The new study group will examine the state of the infrastructure and market practices for carbon credit trading in Japan.

AML / KYC

US Authorities Accused of Ignoring Evidence Against StanChart

06/06/2024

A whistleblower says US officials falsely denied that he had provided useful information in order to have his claim for a whistleblower reward dismissed.

Securities / Derivatives

China Considers Market Data Restrictions for Quant Funds

06/06/2024

The move is reportedly intended to “blindfold” quant funds to make the market fairer and create a level playground for retail investors.

US to Establish Registry of Law-Breaking Nonbank Financial Firms

06/06/2024

The registry will help authorities monitor and track repeat offenders in order to better hold them accountable if they break the law again.