Securities / Derivatives

CSRC Vows to Stabilise Markets, Promote Regulatory Reforms

04/08/2022

The CSRC has vowed to stabilise domestic capital markets, among other regulatory priorities for the second half of the year.

Enforcement

Korea FSS Considers Taking Woori Chief to Supreme Court

04/08/2022

The FSS sought to reprimand Sohn Tae-seung, but two courts have now ruled in favour of the Woori Financial Group chairman and CEO.

Enforcement

Taiwan FHC Fined for Leaking Data to Major Shareholder

03/08/2022

China Development Financial Holding Corp was fined TWD 20mn. Its subsidiaries China Life and KGI Securities were fined TWD 6mn and TWD 2.4mn respectively.

Securities / Derivatives

Shanghai STAR Market Celebrates Three Years Since Launch

03/08/2022

The STAR Market now accounts for about 6.6% of all mainland listed firms. A market-making system will soon be launched to enhance liquidity.

AML / KYC

FFIS Takes Stock of AML & Fraud Data Sharing Platforms

03/08/2022

New paper covers 15 different private-private financial information sharing platforms across the US, UK, Singapore, the Netherlands, Switzerland, Estonia and Australia.

Enforcement

SFC Fines TC Capital for Due Diligence Failures in Sponsor Work

03/08/2022

The SFC said there was a need to send a “strong deterrent message” to the industry and market that “sponsor failures will not be tolerated”.

BNM Consults on New Requirements for Adjusters

03/08/2022

The proposed rules impose ‘fit and proper’ requirements on shareholders and key responsible persons of adjusters.

Bangladesh Seeks IMF Loan, Takes Measures to Boost FX Inflows

03/08/2022

Bangladesh has sufficient FX reserves for over five months of imports, providing some cushion. It has also taken measures to address its falling FX reserves.

Securities / Derivatives

Taiwan FSC Tightens Rules for Senior Securities, Futures Personnel

03/08/2022

The rules are aimed at preventing directors from taking on positions at other firms that could affect their performance or create conflicts of interest.