Fintech / Regtech

India, UAE To Collaborate on Building CBDC Bridge

16/03/2023

The RBI and CBUAE will conduct PoC and pilots on a bilateral bridge to facilitate cross-border CBDC transactions.

Market Infrastructure

US SEC Proposes New Requirements to Address Cyber Risks

16/03/2023

The proposals will enhance cyber and technology risk management requirements for key entities that underpin the US securities market.

Enforcement

SFC, ICAC Arrest Five More Ramp-and-Dump Syndicate Members

16/03/2023

The arrestees include qualified accountants and senior executives of a number of Hong Kong-listed companies, the SFC and ICAC said.

Enforcement

ASIC Issues Interim Stop Orders on Three BT Funds

16/03/2023

ASIC said the TMDs for three funds were “broadly drafted and failed to define key concepts” and did not meet the “appropriateness requirements” under the DDO regime.

ESG / Sustainability

Thailand to Allow SMEs Issue Sustainability-Themed Bonds

16/03/2023

Regulatory amendments will enable small “businesses of all types and sizes” to offer sustainability-themed bonds.

AML / KYC

China Fines Bohai Bank for Third Time This Year

16/03/2023

The PBOC fined China Bohai Bank for committing 12 regulatory violations. The bank was fined twice last month for different violations.

Fintech / Regtech

More TSE Companies Disclosing Earnings Reports in HTML Format

16/03/2023

Over 2,400 companies listed on the Tokyo bourse have voluntarily disclosed their earnings reports in HTML format.

Enforcement

Swedbank Fined for IT Incident Which Impacted 1m Customers

16/03/2023

Swedbank made a change to a business-critical IT system without following its internal procedures and processes.

Enforcement

US Charges Exiled Chinese Businessman with $1b Fraud Scheme

16/03/2023

Guo Wengui and his financial adviser allegedly cheated thousands of investors since 2018 by promising outsized returns on various offerings.