Enforcement

Two Taiwan Banks Fined Over Misappropriated Customer Funds

09/06/2022

Mega Bank and Huanan Bank were each fined TWD 4 million fine for internal control failures which allowed cashiers to misappropriate customer funds.

Securities / Derivatives

Shanghai Bourse Streamlines Process for Credit Bond Issuance

09/06/2022

The SSE says the enhanced review process for credit bond issuance and listing is simpler, more clear, and more transparent.

Fintech / Regtech

Bangladesh Bank Introduces New Facility to Finance Microloans

09/06/2022

Under the refinancing scheme, banks will be able to use central bank funds to provide low-cost small loans to individual customers.

Market Infrastructure

HKEX Issues Final Guidance Ahead of VaR Platform Launch

09/06/2022

The information package will help clearing participants make final preparations for the launch of the new new risk engine on 13 June.

Crypto / Digital Assets

US SEC Reportedly Probing Binance 2017 Token Offering

09/06/2022

The SEC is also investigating market making companies owned by Binance’s CEO and whether company insiders may have engaged in trading abuses.

Securities / Derivatives

CBIRC Fines Two Banks, Wealth Management Subsidiaries

09/06/2022

Bank of China, China Everbright Bank, and their two wealth management subsidies were fined a total of almost CNY 15 million.

RBA Raises Interest Rates the Most in 22 Years

09/06/2022

Australian Treasurer Jim Chalmers suggested that inflation could worsen and more rate hikes could come.

ESG / Sustainability

Taiwan Banks to Undergo Climate Change Stress Tests in 2023

08/06/2022

The local banking association is developing the climate-change stress tests, the content of which will be finalised by the end of this year.

Capital / Liquidity

FSB Works to Develop Systemic Approach to NBFI Risks

08/06/2022

The FSB explains the sources of risk in the NBFI sector, and the data, tools and policy approaches available to monitor and address these risks.