AML / KYC

China Charges Ex-President of China Merchant Bank for Corruption

04/03/2023

Tian Huiyu, who built China Merchants Bank into the nation’s top retail bank, faces charges related to abuse of power, insider trading, and leaking internal information.

Securities / Derivatives

Indonesia Set to Lift Pandemic Restrictions on Stock Market

04/03/2023

From April, OJK will allow short-selling to resume for some stocks, bring back pre-pandemic auto-rejection rules, and adjust trading hours.

Securities / Derivatives

India Supreme Court Orders Probe into Adani Group

03/03/2023

A committee has been formed to examine the Hindenburg allegations against Adani Group and suggest measures to protect investors. A probe by SEBI was also ordered.

AML / KYC

SFC Calls on Investors to Provide Consent for HKIDR Regime

03/03/2023

After the launch of HKIDR on 20 March, investors who haven’t provided consent will not be able to buy securities on the stock exchange.

Crypto / Digital Assets

Japanese Banks Commence Stablecoin Issuance Experiment

03/03/2023

Tokyo Kiraboshi FG, Minna Bank and Shikoku Bank will issue a stablecoin using a system developed by Web3 infrastructure company GU Technologies.

Crypto / Digital Assets

FSB-IMF Paper to Support Global Policy Approach to Crypto

03/03/2023

An “IMF-FSB Synthesis Paper” due to be published in September will support a “coordinated and comprehensive policy approach to crypto-assets”.

Securities / Derivatives

Malaysia Budget 2023 Offers Measures to Boost Capital Market

03/03/2023

The government will allow the issuance of dual-class shares, expand tax deductions for listing expenses, and provide financing for SMEs.

Capital / Liquidity

BCBS Adds New Monitoring Dashboard for Banks’ Crypto Exposures

03/03/2023

In the first six months of 2022, cryptoassets under custody at banks declined 66 percent, largely due to fewer banks participating in the exercise.

ESG / Sustainability

Japan Sets Timeline for Domestic Implementation of ISSB Standards

03/03/2023

Japan will issue draft sustainability disclosure standards based on the ISSB standards by 31 March 2024, and final standards by 31 March 2025.