AML / KYC

Credit Suisse Attempts to Conceal Records on Russian Clients – Report

04/03/2022

Credit Suisse reportedly asked investors to destroy documents relating to a loan securitisation backed by “jets, yachts, real estate and/or financial assets”.

Enforcement

Korean Broker and Bank Penalised Over Optimus Mis-selling

04/03/2022

NH Investment & Securities cannot sell new private equity funds for three months. Hana Bank cannot be appointed as a fund trustee for three months.

Enforcement

SFC, HKEX Fine HSBC Securities for Regulatory Breaches

04/03/2022

The firm made errors when assigning BCANs to clients. It also oversold China securities due to deficiencies in its order management and algorithmic trading systems.

Securities / Derivatives

Cambodia Securities Exchange Launches New Mobile Trading App

04/03/2022

The mobile app will help promote the growth of trading and liquidity in Cambodia’s securities market, said CSX chief Hong Sok Hour.

Securities / Derivatives

SEBI to Allow FPIs to Access Commodities Derivatives Market

03/03/2022

SEBI proposes to scrap rules that require foreign investors to have actual commodity exposure to participate in the exchange-traded commodity derivatives market.

Securities / Derivatives

BSEC Plans to Transition Stock Market to T+2 Settlement

03/03/2022

BSEC is working on the technical aspects of the change, which will likely be implemented in phases, starting with blue-chip stocks.

Crypto / Digital Assets

SET to Launch Digital Asset Exchange ‘Very Soon’

03/03/2022

The new digital asset exchange will not offer cryptocurrency trading, but instead focus on investment tokens and utility tokens.

Securities / Derivatives

JSDA Proposes Measures to Improve IPO Pricing Mechanism

03/03/2022

JSDA proposes to allow brokers greater flexibility in IPO price-setting, and to allow prices to exceed pre-set bands if demand is strong.

AML / KYC

Thai Police, Banks Launch New Centre for Reporting Cybercrime

03/03/2022

The new platform is expected to reduce waiting times at police stations and help banks to cancel fraudulent financial transactions more quickly.