MAS, ABS Publish Guidance on Workplace Design Strategies

24/03/2021

Strategies and good practices presented in a newly published study are aimed at supporting FIs in building pandemic-resilient workplaces.

ASIC to Adopt ‘No-Action’ Position to Facilitate Virtual AGMs

24/03/2021

ASIC supports the holding of meetings using appropriate technology and the electronic dispatch of notices of meetings including supplementary notices.

Crypto / Digital Assets

CFTC Penalises Coinbase for False Reporting, Wash Trading

23/03/2021

The settlement requires Coinbase to pay $6.5mn, and desist from any further violations of the Commodity Exchange Act or CFTC regulations.

ESG / Sustainability

IFRS Foundation Forms Working Group to Converge Standards

23/03/2021

The working group will provide a forum for structured engagement with standard-setting bodies to converge their various sustainability reporting standards.

Fintech / Regtech

BSP, PDAX to Cooperate on Crypto-and-Fintech Regulatory Sandbox

23/03/2021

A crypto-and-fintech regulatory sandbox will boost innovation and technological advancement in financial services, while also increasing public participation in these markets.

Taiwan Central Bank Tightens Controls on Property Lending

23/03/2021

Taiwan central bank says the measures are aimed at curbing property hoarding and mitigating speculation by highly leveraged borrowers.

Enforcement

CBA, ANZ to Settle 2016 Lawsuit Involving BBSW Manipulation

23/03/2021

The case was initially launched by two US hedge funds and a US-based derivatives trader, alleging they suffered losses due to bank manipulation of the BBSW.

Fintech / Regtech

SFA, Remittance Association to Jointly Strengthen SG Remittance Industry

22/03/2021

The SFA Remittance Sub-Committee has been launched to promote the adoption of technologies to strengthen Singapore’s money remittance industry.

Capital / Liquidity

CBIRC Probes Reveal 19,900 Shareholder Violations at Rural Banks

22/03/2021

Over 70 percent of the violations have so far been resolved; 281 institutions were fined a total CNY 150 million; 711 shareholders were fined CNY 20.4 million.