Sanctions

State Street to Be Dismissed as Manager of HK Tracker Fund

21/03/2022

Hong Kong’s government commenced a review last year to assess State Street’s role as the manager of TraHK, the city’s largest and most-popular ETF.

Securities / Derivatives

Eurex Sets Launch Date for Expansion of KRX Link

20/03/2022

International investors will be able to trade KOSPI 200 options with weekly expiries outside Korean trading hours via Eurex from 28 March.

Fintech / Regtech

Australia Consults on Expansion of CDR to Non-Bank Lending

20/03/2022

The designation of non-bank datasets under the CDR will support creditworthiness assessments and compliance with responsible lending obligations.

Enforcement

MAS Bars Former DBS Wealth Planner for Cheating Clients

20/03/2022

The former DBS Bank wealth planning manager fraudulently deceived clients into transferring SGD 490,000 into his personal bank account.

ESG / Sustainability

MAS, CDP Partner to Enhance Access to Quality ESG Data

20/03/2022

MAS and CDP will collaborate to explore the exchange of information between CDP’s disclosure system and MAS’ Project Greenprint.

ASIC to Review Whistleblower Policies for Noncompliance

20/03/2022

ASIC will consider enforcement action and other regulator tools where compliance falls short of expectations, says commissioner Sean Hughes.

Fintech / Regtech

Japan FSA Progresses Work on AI-based Translation System

19/03/2022

Translated financial documents were used as training data for the AI system, helping to improve the efficiency and accuracy of translations between Japanese and English.

AML / KYC

RBI Orders Paytm Payments Bank to Stop Onboarding Clients

19/03/2022

The bank reportedly violated rules by allowing data to flow to servers overseas and did not properly verify thousands of customers.

Fintech / Regtech

Ripple Calls on Korea to Further Develop Digital Assets Framework

19/03/2022

New policy paper calls for the implementation of a “risk-sensitive” digital asset regulatory framework to provide certainty and encourage innovation in the sector.