Anti-Bribery & Corruption

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.

Trading & Investment

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.

Market Abuse

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.

Structural Regulation

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.

Stablecoins

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.

Cryptocurrency

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”.

Trading & Investment

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 Adequacy

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.

Reporting & Disclosures

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.