Market Infrastructure

First Mainboard Stocks List in China Under New IPO System

11/04/2023

At a listing ceremony on Monday, CSRC chairman Yi Huiman said the reforms mean regulators “no longer pass judgment” on a firm’s investability or value.

AML / KYC

FATF Holds First In-Person Joint Experts Meeting Since 2019

11/04/2023

The three day event covered themes including cyber-enabled fraud, terrorist financing through crowdfunding, and the risks and challenges associated with hawala.

Sanctions

China Sanctions US Organisations over Taiwan Presidential Visit

11/04/2023

China sanctioned the Ronald Reagan Presidential Library and US think tank Hudson Institute for hosting Taiwan President Tsai Ing-wen last week.

Crypto / Digital Assets

SEB, Crédit Agricole Launch Digital Bond Issuance Platform

11/04/2023

The platform uses a blockchain validation protocol called “Proof of Climate awaReness”, which incentivises participating nodes to improve their environmental impact.

ESG / Sustainability

Taiwan Loosens Bond Issuance Rules for Foreign Banks

11/04/2023

The changes allow foreign banks to use the issuance proceeds to finance a wider range of sustainable economic activities and carbon reduction transformation projects.

Enforcement

Korea Arrests More Coinone Employees Over Bribery Allegations

11/04/2023

The employees are accused of engaging in bribery conduct to list digital assets on Coinone’s platform.

Capital / Liquidity

Hong Kong to Introduce Risk-based Capital Regime for Insurers

11/04/2023

An amendment bill was gazetted that will make capital requirements for insurance companies more sensitive to their asset and liability matching, risk profile and mix of products.

Enforcement

US State Regulators Fine Robinhood for Causing Investor Harm

11/04/2023

Robinhood disseminated inaccurate information to customers and did not have a reasonably designed customer identification programme, among other failures.

AML / KYC

UK FCA Outlines Next One Year of Work to Improve Markets

11/04/2023

The FCA will propose reforms to the listing regime, consult on the introduction of consolidated tapes, and strengthen its authorisation and assessment processes.