Securities / Derivatives

PBOC, CBIRC Pressure Evergrande to Resolve Debt Risks

24/08/2021

Evergrande must actively diffuse debt risk and maintain real estate and financial markets stability, the PBOC and CBIRC said in a rare joint statement.

AML / KYC

Upbit Becomes First Crypto Exchange to Register With KoFIU

24/08/2021

Upbit has a partnership with K-bank for real-name verification. One or two more exchanges are expected to register by end-August.

Market Infrastructure

Japan FSA Orders Mizuho to Explain Latest System Failure

24/08/2021

Mizuho Bank and Mizuho Trust were unable to complete customer transactions at all branches counters across Japan due to equipment failures.

Securities / Derivatives

CSRC to Promote China-US Cooperation on Audit Supervision

24/08/2021

The CSRC said it will create conditions to promote China-US cooperation on audit supervision, strengthen market communication, and stabilise policy expectations.

Enforcement

FMA Identifies AML Breaches by Investment Platform Sharesies

23/08/2021

The FMA has ordered Sharesies to amend its onboarding process and implement a process to complete identity verification at onboarding.

Fintech / Regtech

BSP to Close Application Window for Digital Banks

23/08/2021

The application window will be closed for three years. Applications received by 31 August will be processed on a first-come, first-served basis.

Market Infrastructure

China: New State Pension to Boost Retirement Savings

23/08/2021

The establishment of the new state pension company is waiting for regulatory approval from the CBIRC.

ESG / Sustainability

Thailand: Regulators Set Out Sustainable Finance Initiatives

22/08/2021

The strategic initiatives include the development of a sustainable finance taxonomy, the ESG data environment, and sustainable finance products.

Fintech / Regtech

US SEC Allows API Access to Financial Disclosure Data

22/08/2021

The APIs aggregate financial statement data and make corporate disclosures quicker and easier for developers and third-party services to use