Sanctions

US Targets Entities in China, Turkey, UAE in Latest Round of Russia Sanctions

03/11/2023

US Treasury and State Departments sanction more than 200 targets in several countries, as US Commerce Department adds 13 Russian companies to its Entity List.

Securities / Derivatives

Taiwan to Further Reduce Quotation Intervals for Odd-lot Trading

03/11/2023

Quotation intervals for intraday odd-lot trading will be reduced from 10 seconds to five seconds, effective from 27 November.

Market Infrastructure

China Probing Disruption in Short-term Borrowing Market

02/11/2023

Institutions that settled trades at excessively high rates are asked to submit explanations about their decision-making and bidding process.

Crypto / Digital Assets

Hong Kong Announces New Fintech Development Initiatives

02/11/2023

The initiatives include a new platform to facilitate retail fund distribution and enhancements to the regulatory framework for virtual assets.

Crypto / Digital Assets

Malaysian Court Orders Crypto Firm Luno to Compensate Customer

01/11/2023

Luno said the withdrawal of funds from the customer’s account was properly authorised. The customer claimed it was not.

Fintech / Regtech

HKMA to Launch Bank Account Data Sharing Pilot by Year-End

01/11/2023

The first phase of the IADS initiative will be for corporate customers. The HKMA hopes to progressively extend it to retail bank accounts from June 2024 onwards.

Enforcement

MAS Imposes Restrictions on DBS Over Service Disruptions

01/11/2023

DBS has to suspend business acquisitions and non-essential changes to its IT systems, instead dedicating its resources and attention to technology resiliency.

Securities / Derivatives

Australia Commences Review of 2021 Disclosure Law Amendments

01/11/2023

The review will seek to determine whether the 2021 amendments are working as intended.

Capital / Liquidity

BOK, FSS Agree to Share Data on Non-bank Depository Institutions

01/11/2023

The MoU aims to enhance monitoring so BOK can quickly provide liquidity support to non-bank deposit institutions that run into trouble.