HKMA Confirms Health Arrangements for Upcoming Financial Forum

28/10/2022

Hong Kong Financial Secretary Paul Chan, who is due to deliver a keynote speech at the event, has tested positive for Covid-19 while in Saudi Arabia.

Capital / Liquidity

Taiwan FSC Proposes Rule Changes for Futures Brokers

28/10/2022

Some futures firms will be able to allocate more of their special surplus reserves towards dividend payments.

Enforcement

CommSec, AUSIEX Fined A$27m for Market Integrity Rule Breaches

27/10/2022

CommSec and AUSIEX demonstrated “widespread, systemic compliance failures” over a nine-year period, said ASIC deputy chair Sarah Court.

AML / KYC

Korea to Increase Scrutiny of Money Laundering Risks via Crypto

27/10/2022

The FSC will increase scrutiny of crypto tokens listed by just a single VASP, stablecoin transaction volumes, and customers making large deposits.

Fintech / Regtech

FCA Explores Competition Risks from BigTech in Retail Financial Services

27/10/2022

The consultation focuses on Big Tech firms’ entry and expansion into four retail sectors – payments, deposit taking, consumer credit and insurance.

Market Infrastructure

Refinitiv Launches Prototype Forward-Looking €STR Term Rate

27/10/2022

The prototype rate can be used in testing to prepare for the introduction of robust fallback language in EURIBOR contracts.

Securities / Derivatives

CFTC Grants Exemptions to Three More Singapore RMOs

27/10/2022

The CFTC granted SEF registration exemptions to Bloomberg Tradebook Singapore, SGX FX Markets (BidFX), and Synoption.

AML / KYC

Hong Kong Customs Arrests Two for Laundering HK$3.5bn

27/10/2022

The money was laundered by reselling precious metals. The case is the largest-ever money laundering case for Hong Kong Customs.

Market Infrastructure

BSE India Launches Trading in Electronic Gold Receipts

27/10/2022

Individual investors as well as commercial participants like importers, banks, refiners, and jewellery manufacturers can participate.