Securities / Derivatives

SEHK to Unify Main Board, GEM Websites From 28 May

08/05/2022

The websites will be unified to optimise HKEX’s technical infrastructure and provide investors more streamlined access to market information.

AML / KYC

US Court Orders BitMEX Co-Founders to Pay $30m in Fines

08/05/2022

The orders follow the CFTC’s $100mn settlement with five BitMEX entities last year over violations of US derivatives and AML regulations.

Enforcement

PBOC, CBIRC Probe Rural Banks Over Service Disruptions

08/05/2022

Customers of multiple rural banks complained that banking service disruptions have prevented them from withdrawing their money.

Market Infrastructure

SEBI Directs Stock Exchanges to Audit Systems and Networks

08/05/2022

Stock exchanges must certify that their trading architecture and co-location facilities conform with regulatory requirements and treat all market participants fairly and equitably.

RBI Issues Guidance for NBFCs on Senior Manager Remuneration

07/05/2022

NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.

ESG / Sustainability

Human Rights Abuses Prompt Review of Cambodian Microloans

07/05/2022

Ombudsman agrees to review complaint from Cambodian NGOs alleging IFC funding contributed to human rights abuses in microfinance lending.

Enforcement

CBIRC Warns Three FIs Over Complaints Handling Violations

07/05/2022

ICBC, China Everbright Bank and China Post Life Insurance violated the CBIRC’s rules for handling customer complaints and reporting complaints data.

Capital / Liquidity

RBI Surprises Market with Interest Rate Hike

06/05/2022

The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.

Enforcement

Two Convicted in Singapore’s Largest-ever Market Manipulation Case

06/05/2022

Two individuals were convicted on 349 charges for controlling and using 187 trading accounts to manipulate three penny stocks before they collapsed in October 2013.