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Fraud, Scams & Cybercrime
Taiwan Lawmakers Call for Stronger Anti Fraud Rules
14/06/2022
One lawmaker said the rules should be changed to make banks bear some responsibility for protecting customers from fraud while using their services.
Structural Regulation
CSRC Orders Six Brokerage Firms to Correct Violations
14/06/2022
The CSRC has issued warning letters to six securities companies, ordering them to correct violations involving their overseas subsidaries.
Clearing & Post-Trade
HKMA Chief Outlines Plans to Enhance CMU Services
13/06/2022
The Central Moneymarkets Unit will be further commercialised and upgraded in phases over three years. A new platform will be launched in 2025.
Clearing & Post-Trade
HKEX Launches VaR Platform for Clearing Participants
13/06/2022
The new platform introduces margin requirements based on individual stock volatility, instead of a flat margin rate across all securities.
Structural Regulation
UK, Japan Formalise Arrangements on Regulatory Cooperation
13/06/2022
UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.
Structural Regulation
Malaysia SC to Review Rules for Credit Rating Agencies
13/06/2022
The SC plans to make it a requirement for the majority of board members and the rating committee to be independent.
Trading & Investment
Philippine Bourse to Permanently Close Trading Floor
13/06/2022
The pandemic has prompted brokers to conduct their trading activities off-site and hastened the PSE’s migration to ‘floorless trading’.
Reporting & Disclosures
Bursa Malaysia Issues ESG Guidance for Listed Companies
13/06/2022
The guidance is issued as part of an initiative to help listed companies adopt best practices in areas such as governance and sustainability.
Fraud, Scams & Cybercrime
Korean Police Arrest CEO of Discovery Asset Management
13/06/2022
CEO Jang Ha-won faces charges of fraud and violation of the Capitals Market Act for selling funds which caused $194mn in losses to investors.
Market Abuse
Singapore Court Jails Listed Company CFO for Insider Trading
13/06/2022
The former CFO of Broadway Industrial Group communicated information to two friends about the sale of two of the company’s businesses 2016.
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