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Enforcement
Bursa Malaysia Punishes RHB Investment Bank Representatives
13/09/2021
The dealer’s representatives engaged in discretionary trading without proper authorisation, causing “significant losses” to a client.
AML / KYC
Three More Korean Crypto Exchanges Secure Deals with Banks
13/09/2021
Bithumb, Coinone, and Korbit will likely meet the 24 September deadline. Korean police are preparing for illegal incidents from exchanges that are forced to close.
Market Infrastructure
RBC Capital Markets to Launch FX Infrastructure in Singapore
12/09/2021
RBC says the new e-FX server and pricing engine was developed with support from MAS and will be launched by year-end.
Securities / Derivatives
Hong Kong SPAC Framework to Prohibit Retail Access – Report
12/09/2021
Hong Kong’s SPAC framework will reportedly be issued for public consultation this month, proposing that only professional investors be allowed to participate.
Market Infrastructure
Mizuho Suffers Seventh System Failure For the Year
12/09/2021
The latest failure disrupted about 100 ATMs due to a “hardware problem”, though affected services were restored quickly.
Enforcement
KRX to Temporarily Exempt Market Makers from Obligations
12/09/2021
KRX says the FSS warning of fines against nine market makers will hamper the functioning of the market making system for a while.
AML / KYC
Philippine SEC Disseminates Guidance on Targeted Financial Sanctions
12/09/2021
The guidance now covers targeted financial sanctions related to terrorism, terrorism financing, and proliferation financing, including remedies and relevant UNSC links.
Fintech / Regtech
RBI Account Aggregator Framework Brings Open Banking to India
12/09/2021
Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
Securities / Derivatives
SEBI Revises Position Limits on Currency Derivatives
12/09/2021
The revised position limits apply to domestic clients, NRIs, and Category II FPIs that are individuals, family offices, and corporates.
Capital / Liquidity
Bangladesh Banks Asked for Plans to Address Capital Shortfall
12/09/2021
Eleven banks, including seven that are state-owned, are asked to explain how they plan to address capital shortfalls.
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