Enforcement

US Court Sentences Theranos Founder Elizabeth Homes to Jail

21/11/2022

A California court sentenced Elizabeth Holmes to 11 years and three months in prison. She will also be required to pay restitution to investors.

Fintech / Regtech

Thailand, Vietnam Go Live With Cross-border QR Payment Link

20/11/2022

The link will enable customers, tourists and merchants make and receive payments with convenience, speed, security, transparency and at low cost, the BOT and SBV said.

NAB to Close Custody, Asset Servicing Business

19/11/2022

NAB is the only Australian big four bank still providing custody services in Australia. Its asset servicing business is now set to be closed in 2025.

ESG / Sustainability

ChinaBond Launches Indicator System for Green Bond Disclosures

19/11/2022

New standard published by China Central Depository & Clearing contains 44 indicators of environmental benefits for green bond issuers to disclose.

ESG / Sustainability

APRA Issues Draft Guidance on Super Fund Investment Governance

19/11/2022

The guidance covers the new SPS 530 requirements on liquidity management, stress testing and valuations, as well as APRA’s expectations on ESG risk management.

Securities / Derivatives

IOSCO Reviews Liquidity Risk Management Measures at Funds

19/11/2022

IOSCO’s 2018 recommendations to strengthen liquidity risk management practices in open-ended funds are “broadly well implemented”.

AML / KYC

Western Allies Sanction Iran Over Protest Handling, Drone Sales

18/11/2022

The EU, UK, US and Canada imposed sanctions over the use of use of force against peaceful protestors and the sale of drones to Russia.

Fintech / Regtech

FSB Defines KPIs for Enhancing Cross-Border Payments

18/11/2022

The KPIs will help to measure progress towards achieving quantitative global targets for enhancing cross-border payments, the FSB said.

Market Infrastructure

FSC Korea to Allow Brokers to Launch ATS Platforms for Securities

18/11/2022

The introduction of alternative trading systems will increase competition, boost trading activity, reduce costs for investors, and improve market efficiency.