Market Infrastructure

Capital Controls Eased for Foreign Investors in Beijing, Shanghai

27/09/2023

Beijing and Shanghai authorities announced measures that allow investment capital from foreign investors to freely flow in and out of China.

Securities / Derivatives

Malaysia to Create 200 Capital Market-Ready MSMEs by 2026

26/09/2023

A new MoU between the Securities Commission and SME Corporation Malaysia will enable more MSMEs to access the capital market for financing.

Fintech / Regtech

FSC Korea to Expand Loan Switching Platform to More Loan Types

26/09/2023

The online loan transfer system launched in May for credit loans will become available for mortgage loans for apartments and jeonse loans for all housing types.

Enforcement

Evergrade Subsidiary Hengda Group Under Investigation

26/09/2023

Due to the investigation, Evergrande is now no longer qualified to issue new notes that were supposed to form part of its restructuring plan.

ESG / Sustainability

Philippine SEC Issues New Guidelines on Blue Bond Issuance

26/09/2023

The guidelines set out eligibility criteria for blue projects and activities, based on IFC’s Blue Finance Guidance Framework and ADB’s Green and Blue Bond Framework.

AML / KYC

HKMA Publishes Cases Studies on Regtech Adoption for AML/CFT

26/09/2023

The report features examples of Regtech implementation for fraud monitoring, TM alerts handling, media monitoring, and customer risk monitoring.

Enforcement

Senior Nomura Banker Barred from Leaving China – Report

26/09/2023

The travel ban is said to be connected to a long-running investigation into two key executives of China Renaissance.

Enforcement

US Cities Obtain Green Light to Pursue Class Action Against Eight Banks

24/09/2023

Eight US banks are accused of conspiring to artificially inflate the interest rates on debt securities between 2008 and 2016.

Enforcement

OFAC Penalises 3M and Emigrant Bank for Iran Sanctions Violations

24/09/2023

3M agreed to pay $9.6mn for shipments destined for a customer in Iran. Emigrant Bank agreed to pay about $32,000 for processing transactions for two Iranian residents.