Cloud & Infrastructure

BOT Offers Update on Transition to Sustainable Digital Economy

29/03/2022

The BOT will publish a virtual bank licensing framework by Q2 2022, and directions on its open banking policy in Q3 2022.

Market Risk

BOJ Defends Yield Target With ‘Unlimited’ Bond Buying

29/03/2022

The BOJ is buying Japanese government bonds every day this week until Thursday to keep yields low as it diverges from the US path.

Cloud & Infrastructure

GLEIF to Include Organisational Role Information in vLEI

29/03/2022

GLEIF says the new ISO 5009 standard facilitates a universal approach for including official organisational role information in digital ID credentials.

Conduct, Culture & Accountability

SFC Bans BNP Representative for Unauthorised Discretionary Trading

29/03/2022

The relationship manager asked clients to pre-sign blank instruction forms so he could place trades for their accounts without having to inform them in advance.

Anti-Money Laundering

Singapore Jails Nominee Director for Facilitating Illicit Activities

29/03/2022

The director of corporate service provider 3E Accounting served as local resident director of four companies whose bank accounts were used to receive criminal proceeds.

Structural Regulation

Thailand SEC Unveils 2022-2024 Strategic Plan

29/03/2022

The SEC will seek to enhance competitiveness, ensure inclusiveness, and strengthen trust and confidence in the capital market.

KYC & CDD

CSRC Fines Securities Firm Over Client Records Management

29/03/2022

Shenwan Hongyuan Securities failed to appropriately manage its online investment advisory business on Ant Group’s wealth management app.

Emerging Prudential Risks

China to Establish Financial Stability Fund by September

29/03/2022

Regulators led by the PBOC plan to use the new financial stability fund as a backup to dispose of major risks which could have systemic effects.

Trading & Investment

SSE, SZSE Issue Rules to Expand Stock Connect to Europe

29/03/2022

UK, Swiss and German listed companies can issue CDRs in China if they have a market cap of at least $3.14bn and a listing history of at least three years.