Clearing & Post-Trade

ASX: Launch of New CHESS Platform Delayed Until Late 2024

04/08/2022

Accenture to provide an independent review of the new CHESS application and help ASX determine a new launch schedule.

Fraud, Scams & Cybercrime

DBS-led Hackathon to Tackle Fraud Challenges

04/08/2022

More than 100 law enforcers, lawyers, bank staff and other professionals have assembled into teams to brainstorm new solutions to stop scams.

Structural Regulation

China Responds to US ‘Treachery’ With Taiwan Trade Curbs

04/08/2022

China has banned imports of citrus fruit, two types of fish, and food items from 107 Taiwanese brands. Exports of natural sand to Taiwan are banned.

Structural Regulation

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.

Conduct, Culture & Accountability

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.

Market Abuse

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.

Trading & Investment

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.

Anti-Money Laundering

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.

KYC & CDD

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”.