Market Abuse

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.

Structural Regulation

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.

Sustainable Finance

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.

Anti-Money Laundering

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.

Market Data & Technology

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.

Operational Risk

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.

Fraud, Scams & Cybercrime

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.

Payments & Settlements

US Announces July Launch Date for FedNow Service

16/03/2023

The Federal Reserve said it will begin the formal certification of participants for launch of the FedNow Service in the first week of April.

Trading & Investment

HKEX Confirms Plans to Launch RMB Counter of its Stock

16/03/2023

HKEX said the launch of RMB counter will allow investors to seamlessly interchange between securities listed in both HKD and RMB.