Securities / Derivatives

CSRC Revises Rules for Managers of Publicly Offered Funds

24/05/2022

The rules increase emphasis on ethical conduct and governance, loosen licensing restrictions, and allow public fund managers to outsource operations.

Market Infrastructure

SEBI Updates Market Infrastructure Cyber Security Framework

24/05/2022

Stock exchanges, clearing corporations, and depositories are required to conduct a comprehensive cyber audit at least twice each financial year.

Market Infrastructure

CSRC to Fully Implement DvP Settlement in Securities

24/05/2022

The rules taking effect on 20 June will enable DvP settlement for institutional investors and reduce the reserves settlement participants have to hold.

Fintech / Regtech

ISDA Analysis Shows Effectiveness of Crypto Hedging

24/05/2022

The analysis suggests that a less punitive capital framework should be considered for banks’ exposures to Bitcoin and Ethereum.

AML / KYC

Seoul Prosecutors Revive Specialised Financial Crime Team

24/05/2022

A joint investigations team that was disbanded in January 2020 has now been reinstated to respond to financial and securities crimes.

RBI to Review Customer Service Standards, Regulations

24/05/2022

The committee will identify ways to enhance customer service standards and grievance redress mechanisms in the financial industry.

AML / KYC

Singapore Police Warns of Banking-related Phishing Scams

24/05/2022

Phishing scams involving the impersonation of bank employees have increased from 149 cases in 2020 to 1,021 cases last year.

Securities / Derivatives

HKEX to Establish First Non-Asia Offices This Year – Report

24/05/2022

New offices in Europe and the US will allow HKEX to provide services and support to international companies seeking to list or invest in Hong Kong.

AML / KYC

US SEC Fines Wells Fargo Advisors $7m for AML Failures

24/05/2022

Wells Fargo Advisors was fined for failing to timely file 34 SARs. This is the second BSA action against the firm in the last five years.