Market Infrastructure

Vietnam Launches New Bond Trading Platform at HNX

20/07/2023

The system will also support businesses in mobilising mid and long-term capital, helping them reduce their dependence on bank credit.

Enforcement

India: Appeals Tribunal Sets Aside SEBI Penalty Order Against NSE

20/07/2023

The Securities Appellate Tribunal said NSE had not indulged in any unethical act or unjustly enriched itself.

Securities / Derivatives

Korea: New Rules for CFD Trading to Take Effect from 1 Sept

20/07/2023

Securities firms that conduct CFD trading and brokerage business must submit investor balances to KOFIA on a daily basis.

AML / KYC

US Fed Fines Deutsche Bank for Slow Remediation of AML Deficiencies

20/07/2023

The Fed Board said Deutsche Bank made “insufficient remedial progress” under 2015 and 2017 consent orders and still has deficient AML internal controls and governance processes.

Enforcement

MAS Issues Five Year Ban on Former Prudential Representative

20/07/2023

The former representative edited and submitted 11 false invoices to Prudential and deceived the company into making payouts to her clients.

Capital / Liquidity

Deposit Caps Raised for Singapore Digital Banks GXS, Maribank

19/07/2023

Grab’s GXS Bank and Sea’s Maribank have both increased the maximum deposit allowed in savings accounts from S$5,000 to S$75,000.

ESG / Sustainability

CFTC Meets to Discuss Integrity in Voluntary Carbon Markets

19/07/2023

The CFTC held its second Voluntary Carbon Markets Convening to identify steps to ensure integrity and resilience of voluntary carbon markets.

Fintech / Regtech

Chinese Authorities Release New Rules for Providers of Generative AI Services

19/07/2023

The rules require training data to be accurate, generated content to be properly labelled, security assessments to be performed, and channels for complaints reporting to be established.

Enforcement

Deloitte Australia’s CEO Admits to Being Overpaid in Public Hearing

19/07/2023

Deloitte Australia’s CEO Adam Powick told a Senate committee his position is not worth a salary that is seven times that of the prime minister’s.