Cryptocurrency

Philippine SEC Warns Against Dealing with Unlicensed Entities

21/09/2021

The SEC has warned against dealing with unlicensed forex brokers, crypto exchanges, and DeFi platforms among others.

Structural Regulation

Canada Implements Financial Benchmarks Regulatory Regime

21/09/2021

CDOR is designated as a critical benchmark and Refinitiv Benchmark Services is designated as its administrator.

Cloud & Infrastructure

Vietnam to Create Fintech Sandbox for Banking Sector

21/09/2021

The central bank will coordinating with government departments and agencies to develop a decree to enable the sandbox.

Fraud, Scams & Cybercrime

HK Court Convicts Former Convoy Executives for Fraud

21/09/2021

Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.

Cybersecurity

BCBS Calls on Banking Sector to Enhance Cyber Defences

21/09/2021

Remote work arrangements and digital financial services have “enlarged banks’ attack surfaces”, creating opportunities for malicious actors, the BCBS said.

Trading & Investment

JSDA to Form Industry Panel to Review IPO Pricing Mechanism

20/09/2021

Startups say IPO prices are set too low prior to listing and that they have often surged on listing. Brokers say the gaps are caused by volatility.

Conduct, Culture & Accountability

FSS Korea to Appeal Ruling Nullifying Woori Chairman Ban

20/09/2021

The appeal will follow a court decision to nullify an FSS decision to ban Woori Financial Group chairman Sohn Tae-seung for three years.

Structural Regulation

BSP Grants Sixth Digital Bank Licence to PayMaya

20/09/2021

The seventh and final digital bank is likely to be an existing bank applying to convert into a digital bank, but approval has been delayed.

Trading & Investment

OSE, TOCOM Launch New Derivatives Trading System

20/09/2021

J-GATE 3.0 will help to expand market liquidity and improve reliability and convenience for investors and trading participants.