Market Infrastructure

China Issues New Regulatory Ratings Framework for Trust Companies

19/11/2023

Trust companies with poor regulatory rating results will be subject to greater supervisory attention or more extreme measures.

Market Infrastructure

ASIC Consults Changes to the ABA Banking Code of Practice

19/11/2023

This is the first time ASIC has undertaken a public consultation before making a decision on approving the Banking Code of Practice.

Capital / Liquidity

MAS Finalises New Notice for FHCs With Insurance Subsidiaries

19/11/2023

The new notice covers requirements on capital adequacy, valuation of assets, and policy liabilities in respect of life business and general business.

Market Infrastructure

MAS Launches Payment Linkages with Malaysia, Indonesia

19/11/2023

The payment links are described as “significant milestones” to enable faster and cheaper cross-border payments and promote greater regional economic integration.

Crypto / Digital Assets

Korea: Major Political Party to Require Candidates to Disclose Crypto Holdings

18/11/2023

Information on prospective candidates’ crypto holdings will be made available to the public on an online platform ahead of Korea’s 2024 general election.

Market Infrastructure

China Drafts New Data Security Rules for Auditors

18/11/2023

The rules require auditors to improve data security management, and store audit working papers only within China’s borders.

Crypto / Digital Assets

GBBC Announces Merger with US Blockchain Coalition

18/11/2023

The US Blockchain Coalition will become a national initiative of GBBC, which will have nearly 600 institutional members post-merger.

Securities / Derivatives

Korea Unveils Proposed Reforms to Strengthen Short Selling System

17/11/2023

Under the proposals, institutional and retail investors will be subject to the same rules, and naked short selling can be penalised with a 10 year market ban.

ESG / Sustainability

MAS Launches Digital Platform to Streamline ESG Reporting

17/11/2023

The new platform will consolidate and synergise all of Project Greenprint’s existing utilities and help companies automate their ESG reporting process.