Cloud & Infrastructure

Kakao Under Probe Over Unprecedented Service Disruption

19/10/2022

A fire occurred at a data centre where Kakao operates 32,000 servers that support the vast majority of its mobile services.

Structural Regulation

CSRC Mulls Measures to Increase Stock Trading by Foreign Firms

18/10/2022

The CSRC is considering relaxing a rule that currently prevents foreign institutions from engaging in short-term trading activity in onshore markets.

Credit Risk

RBI Tightens Rules on Disclosing NPA, Provisioning Divergences

18/10/2022

Norms that apply to commercial banks on disclosing NPA and provisioning divergences are being tightened, and extended to UCBs.

Trading & Investment

Malaysia is Liberalising Funds Industry, Says SC Chairman

18/10/2022

The SC is allowing retail funds to have exposure to digital assets and other alternative assets. Similar plans are intended for wholesale funds.

Anti-Bribery & Corruption

HK Regulator Urges Insurers to Cooperate with ICAC Investigations

18/10/2022

The Insurance Authority asks insurance CEOs to promptly respond to requests to produce evidence for corruption investigations.

Anti-Money Laundering

IMF Publishes Guide to Beneficial Ownership Transparency

18/10/2022

Despite guidance issued by the FATF over the years, effective implementation of beneficial ownership requirements is still a challenge for many countries, says the IMF’s Bo Li.

Structural Regulation

CSRC Proposes to Relax Restrictions on Share Buybacks

18/10/2022

The rule changes relax some restrictions on share buybacks, enabling listed companies to better support their stock prices.

Structural Regulation

SEBI Sets Out Governance Requirements for Social Stock Exchanges

18/10/2022

A seven-member governing council must be constituted before SEBI will grant final approval for the launch of a social stock exchange.

Fraud, Scams & Cybercrime

China Directs CPAs to Target Financial Fraud in Audits

18/10/2022

CPAs and accounting firms are directed to identify and fix weak links in their audit processes, and improve their ability to deal with financial fraud.