BOJ Gets First New Governor After Ten Years

12/04/2023

Kazuo Ueda plans to maintain ultra-loose monetary policy but signalled an openness to tweaking the BOJ’s yield control policy.

AML / KYC

Hong Kong Announces New Measures to Combat Phone Scams

12/04/2023

Implementation of an “SMS sender name” registration system will begin in the banking industry by the end of this year.

Enforcement

Korean Authorities Investigate Kakao for Market Manipulation

11/04/2023

The FSS is investigating whether Kakao manipulated the stock price of K-pop agency SM Entertainment.

FSC Korea Tightens Regulations on Bank Closures

11/04/2023

The changes are intended to better protect consumers from sudden decisions by lenders to wind down operations, as seen in the case of Citibank Korea in late 2021.

Securities / Derivatives

SEBI Mandates Direct Plan, Trail Fee Model for AIFs

11/04/2023

SEBI said AIFs should ensure onboard investors who approach them through a SEBI-registered intermediary are onboarded via direct plan.

FSC Korea Unveils Policy Measures to Bolster Startup Ecosystem

11/04/2023

The measures aim to address the challenges startups and venture capital firms face amid a slump in investment sentiment.

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.