Market Infrastructure

HKMA Issues Guidance on Protecting Against DDoS Attacks

28/11/2022

The guidance focuses on risk assessment, anti-DDoS control architecture, third party governance, and incident response and escalation.

Securities / Derivatives

MSCI Index Constituents Linked to Modern Slavery – Report

28/11/2022

A new report says many index funds and state pensions are investing in companies that use Uyghur forced labour or source from suppliers that do.

ESG / Sustainability

Taiwan to Encourage Foreign Fund Managers to Develop Local ESG Capabilities

28/11/2022

The FSC will encourage overseas fund managers to provide ESG-related research and technologies to their local agents in Taiwan.

AML / KYC

DOJ Charges Two for Fraud Involving Fake Crypto Mining Operation

28/11/2022

Two Estonians induced victims to enter into “fraudulent equipment rental contracts” and to invest in a fake digital currency bank.

Press Release

Kaizen’s Single Rulebook Recognised for Change Management Solution

28/11/2022

Part of Kaizen Reporting, Single Rulebook was created in May 2019 to provide an easier and more cost-effective way of managing a changing regulatory landscape.

Capital / Liquidity

HKMA Confirms Decision to Defer Implementation of Basel III Reforms

28/11/2022

Hong Kong’s implementation of the Basel III final reform package is being deferred to allow the industry more time to prepare.

Securities / Derivatives

CSRC Grants Mutual Fund Licence to Neuberger Berman

28/11/2022

Neuberger Berman was granted approval to set up a wholly-owned mutual fund business in China in September 2021, but has since been waiting for an operating licence.

Capital / Liquidity

SFC Proposes Risk Management Guidelines for Futures Brokers

28/11/2022

The guidelines strengthen requirements for futures brokers to safeguard client assets, put in place trading controls, and set prudent client limits.

AML / KYC

Authorities from Ten Countries Take Down Spoofing Website

28/11/2022

Europol says the website offered services that enabled fraudsters to impersonate companies including banks to access sensitive information from victims.