Enforcement

Korea: Daishin Securities Ordered to Compensate Lime Investors

02/08/2021

Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.

AML / KYC

Western Australia Man Jailed for Dealing in Criminal Proceeds

02/08/2021

The man was sentenced to five years jail over A$6.1mn in cash discovered as a result of intelligence gained during Operation Ironside.

Securities / Derivatives

ISDA, ICMA, ISLA Sign MoU on Common Domain Model

02/08/2021

The MoU establishes a framework for closer collaboration on the development of the Common Domain Model across financial markets.

Taiwan FSC Issues Guidelines on Bank Inspections

02/08/2021

The FSC says a key objective of the guidelines is to introduce innovative technology including big data analysis into the inspection process.

Market Infrastructure

SWIFT Launches Instant Cross-border Payments for SME, Retail

02/08/2021

Seven banks that have launched ‘SWIFT Go’ – BBVA, BNY Mellon, DNB, MYBank, SberBank, Société Générale, and UniCredit.

Fintech / Regtech

Thailand, Luxembourg Sign MoU on Fintech Innovation

02/08/2021

The MoU provides a framework for cooperation between the SEC and CSSF with respect to promoting innovation in financial services.

Securities / Derivatives

APRA Raises Expectations on Superannuation Entities

02/08/2021

APRA has written to RSE licensees describing their key obligations in light of the introduction of the Your Future, Your Super reforms.

Fintech / Regtech

SEC Philippines Launches New Fintech Innovation Office

01/08/2021

The PhiliFintech Innovation Office will serve as the first point of contact for existing fintech companies and help the SEC regulate fintech activities.

ESG / Sustainability

PBOC to Guide Long Term Funds Towards ESG Investments

01/08/2021

The PBOC will guide pension funds, insurance, social security and asset managers towards investing in ESG products, officials said at a recent forum.