Market Infrastructure

NZ FMA Issues Guidance on Financial Sector Cyber Resilience

24/06/2022

The financial services sector recorded more cyber incidents than all other industries in New Zealand in the quarter ending March.

Enforcement

Japan SESC Seeks Penalty Order Against UK High Speed Trader

23/06/2022

Atlantic Trading London engaged in a series of manipulative derivative transactions in early 2020, the SESC said.

AML / KYC

US Sanctions Companies in HK, UAE for Iran-linked Dealings

23/06/2022

The sanctions came on the back of attempts by the US to restore the JCPOA, for which Iran is demanding some sanctions be lifted.

Enforcement

Korean Prosecutors Impose Flight Ban on Terra Employees

23/06/2022

The travel ban is meant to prevent dozens of Terraform Labs employees in Korea from leaving the country to avoid being summoned for questioning.

Securities / Derivatives

China AMAC Issues Reputational Risk Management Guidelines

23/06/2022

In new guidelines, AMAC has specified obligations for fund houses to consider how changes in senior management and core staff could impact reputational risk.

Securities / Derivatives

SFC Cites Conduct, Technology and Climate as Key Priorities

23/06/2022

The SFC’s latest annual report highlights work to enhance book building and placing practices, regulate fund trustees and custodians, and enhance climate disclosure for fund investors.

ESG / Sustainability

HKMA Asks Banks to Apply Basel Climate Risk Guidance

22/06/2022

The HKMA will assess the need to align its supervisory framework with BCBS Principles for managing and supervising climate-related financial risks.

Crypto / Digital Assets

BISIH London to Develop API Prototypes for Retail CBDC

22/06/2022

Project Rosalind aims to develop APIs for retail CBDC distribution that best enable a central bank ledger to interact with private sector service providers.

FMA Set Out Plan for Identifying Cases of Auditor Misconduct

22/06/2022

The FMA will perform audit quality reviews every two years for the big 4 audit firms and once every three years for the other registered audit firms.