Market Infrastructure

FMSB Publishes Best Practices for Trading Platform Disclosures

30/06/2022

Trading platform arrangements should contain information about trading protocols, counterparty name disclosure, prioritisation, use of last look, and trade dispute resolution.

ESG / Sustainability

Malaysia Regulators Publish TCFD Adoption Guide for FIs

30/06/2022

All local and foreign FIs are expected to adopt the basic recommendations set out in the application guide within a recommended timeframe of 24 months.

Enforcement

China: More Top Officials Get Roped into Corruption Crackdown

30/06/2022

Several PBOC and CBIRC officials have been named in corruption investigations. A former ICBC executive has pleaded guilty on bribery charges.

Crypto / Digital Assets

Taiwan Central Bank Completes Second Phase of CBDC Testing

29/06/2022

The central bank will now collect feedback from the trials, seek to gain public support for the CBDC, refine its technology, and establish regulations for the digital currency.

Enforcement

Woori Bank, Crypto Exchange Under Probe for Money Laundering

29/06/2022

This is the first time that a Korean virtual asset exchange and a bank have been used as channels for money laundering, an official said.

Securities / Derivatives

Chinese Banks Asked to Prepare for Longer Yuan Trading Hours

29/06/2022

Longer trading hours will help meet the rising global demand for yuan transactions, narrow the onshore-offshore spread, and help Chinese investors hedge currency risk.

Securities / Derivatives

HK FRC Explores Joint Audit Inspections with Mainland Authorities

29/06/2022

Hong Kong’s Financial Reporting Council already has 13 cases involving mainland audit work papers, two of which have been concluded.

AML / KYC

Swiss Criminal Court Convicts Credit Suisse for Money Laundering

29/06/2022

The court said Credit Suisse ignored obvious red flags and did not do enough to prevent a crime syndicate from profiting from cocaine trafficking.

Securities / Derivatives

ETFs to Be Included in Stock Connect Starting 4 July

29/06/2022

The relevant rules and operational and regulatory arrangements have been finalised and technical systems have been put in place.