Fintech / Regtech

PBOC Tightens Rules on Managing Customer Funds for Payment Firms

27/01/2021

Customer reserve funds must be deposited either at the PBOC or with an eligible commercial bank, and transferred only through a clearing institution.

Enforcement

China’s Corruption Watchdog Punishes Former Bank Regulators

27/01/2021

Three former banking regulators were expelled from the CCP and referred for criminal prosecution for accepting bribes and contributing to Baoshang Bank’s failure, among other violations.

Big Picture

China Access Channels for Foreign Institutional Investors: ASIFMA

27/01/2021

New ASIFMA paper looks at the various investment access channels for foreign institutional investors investing in China’s capital markets.

Crypto / Digital Assets

OECD Paper Identifies Regulatory Issues in Asset Tokenisation

27/01/2021

As markets for tokenised assets develop and grow in size, so too will the need to safeguard investors, consumers and financial stability.

AML / KYC

Australian Police Arrest Dutch National on Money Mule Charges

27/01/2021

The 22-year-old was used to receive funds stolen from Australian bank accounts by a cybercrime syndicate before he transferred it overseas with Bitcoin.

Market Infrastructure

Japan, Shanghai, Shenzhen to Expand ETF Connectivity Scheme

27/01/2021

The exchanges agreed to broaden the lineup of products available under the scheme and to collaborate in other areas including sustainable finance.

Enforcement

Five HK Bankers Charged for Misusing Customer Data to Sell Loans

27/01/2021

Former DBS staffers accepted illegal commissions to obtain confidential customer data for use by sales staff in promoting personal loan business.

Fintech / Regtech

JPX to Launch Learning Environment for Data-Driven Trading

26/01/2021

The new project, known as J-Quants, will seek to help individuals learn about data-driven portfolio analysis and investment methods.

Securities / Derivatives

Taiwan to Punish Foreign Banks for Facilitating Currency Speculation

26/01/2021

The banks helped grains merchants trade in deliverable FX forwards in contravention of foreign exchange regulations.