Trading & Investment

Shenzhen to Establish New Securities Arbitration Centre

25/08/2021

The new Shenzhen Court of International Arbitration, established with the SZSE, will handle cross-border securities and capital market disputes.

Trading & Investment

Taiwan Finance Ministry Asks State Banks to Buy Stocks

25/08/2021

The Finance Ministry reportedly called senior bank executives to suggest they buy shares to support the stock market, which fell for 9 days straight.

Fraud, Scams & Cybercrime

Singapore Police Charges Ex-UOB Banker Over Data Disclosure

25/08/2021

The ex-UOB employee accessed customer data from banking systems and disclosed the information to a scammer purporting to represent the Shanghai Police.

Sustainable Finance

Singapore, US Agree to Cooperate on Cyber, Climate Risk

24/08/2021

The climate partnership focuses on stronger collaboration on sustainable finance, standard setting, climate risk disclosures, and carbon markets.

Credit Risk

PBOC, CBIRC Pressure Evergrande to Resolve Debt Risks

24/08/2021

Evergrande must actively diffuse debt risk and maintain real estate and financial markets stability, the PBOC and CBIRC said in a rare joint statement.

Anti-Money Laundering

Upbit Becomes First Crypto Exchange to Register With KoFIU

24/08/2021

Upbit has a partnership with K-bank for real-name verification. One or two more exchanges are expected to register by end-August.

Operational Risk

Japan FSA Orders Mizuho to Explain Latest System Failure

24/08/2021

Mizuho Bank and Mizuho Trust were unable to complete customer transactions at all branches counters across Japan due to equipment failures.

Structural Regulation

CSRC to Promote China-US Cooperation on Audit Supervision

24/08/2021

The CSRC said it will create conditions to promote China-US cooperation on audit supervision, strengthen market communication, and stabilise policy expectations.

Anti-Money Laundering

FMA Identifies AML Breaches by Investment Platform Sharesies

23/08/2021

The FMA has ordered Sharesies to amend its onboarding process and implement a process to complete identity verification at onboarding.