Enforcement

FSS Korea Fines Naver Financial for Data Security Failures

16/11/2021

The FSS fined Naver Financial and issued warnings against three executives for exposing its office intranet to external risks.

Market Infrastructure

BSP Pursues Cross Border Payment Links with Malaysia, Thailand

16/11/2021

The BSP has been in dialogue with ASEAN central banks including MAS, BNM and BOT to make cross-border payment flows cheaper and more seamless.

Enforcement

Korea FSS Punishes 3 Brokerages Over Lime Asset Mis-selling

16/11/2021

Shinhan Investment and KB Securities were ordered to suspend parts of their operations for six months. Daishin Securities was ordered to close a branch.

Securities / Derivatives

Taiwan Formally Designates FSC as Crypto Industry Supervisor

16/11/2021

Cryptocurrency businesses will be listed under the category of “finance, insurance and real estate” and STOs will be listed under the securities firms subcategory.

Securities / Derivatives

Australia Finalises Rules on Super Fund Portfolio Disclosures

15/11/2021

Morningstar has expressed concern that the rules do not require super funds to disclose specific stocks or bonds held in portfolios run by external asset managers.

Securities / Derivatives

Chinese Power Companies Issue First ‘Energy Guarantee Bonds’

15/11/2021

Industrial Bank underwrote two ‘energy guarantee bonds’ worth a total CNY 4 billion, the proceeds of which will be used to help address power shortages.

Securities / Derivatives

TSE RFQ platform for ETFs Reaches New Milestone

15/11/2021

The Tokyo Stock Exchange said it plans to continue to update and improve the CONNEQTOR platform by enabling a larger variety of trading methods.

Securities / Derivatives

China Allows Foreign Firms to Issue Social, Sustainability Bonds

15/11/2021

Overseas firms  can register to issue ‘panda bonds’ designated to fund social responsibility and sustainable development projects, NAFMII has announced.

Market Infrastructure

S&P-IHS Deal Wins Regulatory Approval in the US

15/11/2021

To win approval for the $44bn combination, the companies agreed to sell three of IHS Markit’s price reporting agency businesses.