AML / KYC

SEC Thailand Allows Crypto Exchange Bitkub to Resume Services

12/04/2021

Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.

Securities / Derivatives

PBOC Researchers Call for Establishment of Yuan Futures Market

11/04/2021

Offshore RMB rates are becoming increasingly influential, suggesting that they will play an even bigger role in pricing in future.

China Issues Largest Ever Antitrust Fine Against Alibaba

11/04/2021

The 18bn yuan penalty is the highest antitrust fine ever to be imposed in China, equivalent to 4% of Alibaba’s 2019 revenues.

Market Infrastructure

BOT to Prohibit THBFIX-based Transactions from 1 July

11/04/2021

New transactions based on THBFIX including loans, bonds, and structures notes must stop from 1 July 2021.

Market Infrastructure

Bloomberg Confirms BSBY Adheres to IOSCO Principles

11/04/2021

BSBY includes a term structure and systemic credit-sensitive spread, and can be used to supplement Term SOFR in the lending market.

Fintech / Regtech

RBI to Extend RTGS, NEFT Connectivity to Nonbanks

10/04/2021

Digital wallet providers and card networks will be able to directly connect to the RTGS and NEFT systems.

Securities / Derivatives

RBI Formalises Quantitative Easing Programme

10/04/2021

While the RBI has often purchased government securities, this is the first time it has committed to an amount upfront.

Enforcement

Australian Court Orders Penalty Against CBA for Overcharged Interest

10/04/2021

CBA was ordered to pay A$7mn for a systems error that resulted in over 1,500 customers being charged a higher interest rate on overdraft accounts.

Enforcement

Malaysian Court Orders Restitution for 2009 Investment Scheme

10/04/2021

The Securities Commission had filed a civil suit against RBTR Asset Management and five others in 2009 for misleading investors.