Trading & Investment

SEBI Seeks to Regulate Algo Trading by Retail Investors

13/12/2021

SEBI is concerned that investors are increasingly using unregulated third party applications and algorithms to automate decision-making and trading.

Emerging Prudential Risks

Korea Extends Support for Key Industries Through Stabilisation Fund

13/12/2021

The regulator said financial support for key industries will be provided in the amount of KRW 10 trillion until end-December 2022.

Structural Regulation

China to Enhance Asset Sale Transparency at State-owned FIs

13/12/2021

Assets transfers by state-owned financial institutions must be through open transactions, such as on trading venues, auctions, and competitive negotiations.

Conduct, Culture & Accountability

HK Bourse Finalises New Rules on Governance, Board Diversity

13/12/2021

Amended corporate governance code and listing rules will require firms to ensure board independence, refreshment, and diversity from 1 January 2022.

Climate Risk

Malaysia to Introduce Mandatory TCFD-aligned Disclosures for FIs

13/12/2021

Guidance on climate risk management, scenario analysis and disclosures will be issued for consultation. Specialised training will be introduced in 2022.

Payments & Settlements

CPMI to Define Service Level Template for Cross-border Payments

13/12/2021

Agreed service levels will establish consistency and certainty for all cross-border payment stakeholders based on a common framework, CPMI says.

Fraud, Scams & Cybercrime

AUSTRAC Issues Financial Crime Guide on Disaster Payments Fraud

13/12/2021

The financial crime guide helps financial firms identify the misuse of emergency and disaster payments administered through Services Australia.

Conduct, Culture & Accountability

HK Associations Published Revised Code of Banking Practice

13/12/2021

Banks are expected to achieve full compliance with the new provisions within six months. The Code is endorsed by the HKMA.

Anti-Money Laundering

FATF Calls for Global Action on Environmental Crime

13/12/2021

For the first time, the UNODC, UNEP and CITES met with the FATF to discuss partnerships to fight money laundering from environmental crimes.