Structural Regulation

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.

Cryptocurrency

OKX’s Ben Bowden Discusses Regulatory Response to FTX Fallout

10/04/2023

Ben Bowden, Global Head of Compliance at OKX, discusses the fallout from FTX, crypto regulatory approaches, and the role of proof of reserves.

Reporting & Disclosures

Korea Establishes ‘Capital Market ESG Supervision Task Force’

10/04/2023

The task force will develop ESG fund disclosure standards to address information asymmetry, prevent greenwashing and promote responsible management.

Structural Regulation

Taiwan Internet-only Insurance Applicants Fail to Win Approval

10/04/2023

Formosa Property Insurance was rejected in December. CTBC Insurance was not sufficiently innovative or differentiated from other existing products.

Cryptocurrency

Cake Defi’s Henry Loh Discusses Credit Risk & Trust in Crypto

10/04/2023

Cake DeFi’s Henry Loh discusses the importance of credit risk management and clearer regulatory guidance to promote trust in the crypto sector.

KYC & CDD

Singapore to Set Crypto Client Onboarding Standards for Banks

10/04/2023

The “industry-driven project” has been ongoing for about six months, with participation from MAS and Police in a banks-led working group.

Data Privacy

ACCC Warns of Penalties for Poor Quality Open Banking Data

10/04/2023

Enforcement efforts will be focused on issues involving the quality of product reference data such as incorrect interest rates and missing data.

Reporting & Disclosures

BNM, SC to Engage Energy Sector on ASEAN Taxonomy Readiness

10/04/2023

Consultations with the energy sector will be used to finalise Version 2 of the ASEAN Taxonomy, which is set to take effect in early 2024.

Clearing & Post-Trade

Taiwan, Canadian Regulators Cross-border Clearing MoU

10/04/2023

The MoU supports TAIFEX’s application for recognition as an exempted clearing agency in Ontario, which will enable Canadian FIs to use its clearing service.