Fintech / Regtech

SEBI to Tighten Rules on Algo Trading Offered to Retail

26/09/2022

SEBI will scrutinise firms offering algorithmic trading services that claim high returns but cannot be audited or validated.

Taiwan to Allow Insurers to Bring Investment Income Home

26/09/2022

Taiwan’s central bank may allow insurers to remit their overseas investment income back home to ease pressure on the TWD.

Crypto / Digital Assets

ICMA Publishes Guidance on DLT-based Bonds

26/09/2022

The FAQs are designed to provide “non-experts” a basic understanding of DLT bonds and their impact on capital markets.

US Banks Pledge to Take Government’s Lead on Taiwan Issue

26/09/2022

JPMorgan Chase, Bank of America and Citigroup would exit China if so ordered by the US government in response to an attack on Taiwan.

Hong Kong Scraps Hotel Quarantine Requirement

26/09/2022

The relaxation comes as Singapore overtakes Hong Kong as the world’s third most favoured financial centre in the Global Financial Centres Index.

AML / KYC

HKMA Penalises Cathay United Bank for AML Deficiencies

25/09/2022

Besides CDD and EDD failures, the bank’s risk classification framework was “defective by design” and senior management oversight was “inadequate”.

Market Infrastructure

Japan Commences Holiday Trading in Derivatives Market

25/09/2022

Holiday trading is now allowed on Osaka Exchange and TOCOM – for index and commodity futures and options.

Securities / Derivatives

LME Faces More Lawsuits Over Cancelled Nickel Trades

25/09/2022

AQR Capital Management, DRW Commodities, Flow Traders, Capstone Investment Advisors and Winton Capital Management filed legal action against the LME.

Taiwan Approves Merger Between Financial Holding Companies

25/09/2022

The merger between Fubon Financial and Jih Sun Financial will be the first merger of financial holdings companies in Taiwan.