Market Abuse

SFC Freezes Brokerage Accounts Linked to Social Media Scam

11/02/2021

One of the SFC’s top priorities for the year is to crack down on ramp and dump scams and other types of market manipulation conducted through social media.

PEPs & Sanctions

US Imposes Sanctions Against Myanmar Military Leaders

10/02/2021

Joe Biden has approved a new executive order enabling the US to immediately sanction the military leaders who directed the 1 February coup in Myanmar.

Trading & Investment

BOJ Surpasses GPIF as Largest Holder of Japanese Equities

10/02/2021

In March 2020, the BOJ said it aims to buy at least JPY 6 trillion worth of ETFs a year with an upper limit set at JPY 12 trillion.

Cybersecurity

UPDATED: Over 100 Financial Firms Targeted by Single DDoS Attacker

10/02/2021

According to FS-ISAC, retail banking was the top target, accounting for 41% of the attacks, followed by exchanges at 15% and payments at 13%.

Sustainable Finance

State-owned Firms Issue China’s First Carbon-neutral Bonds

10/02/2021

The bonds reportedly received a lukewarm response from investors who are seeking higher yields amid signs of tighter liquidity.

Payments & Settlements

India’s NPCI Launches Payment Authorisation Tech Challenge

10/02/2021

Fintechs, solution providers and developers are invited to submit unique solutions that can simplify payment authorisations for the UPI.

Liquidity Risk

PBOC Directs Regional Banks to Only Seek Local Customers

10/02/2021

The PBOC told regional banks to focus on serving local customers and to not accept deposits from customers outside their regions.

Fraud, Scams & Cybercrime

AFCA Compels NAB to Repay Scammed Customers – Report

10/02/2021

The bank had to repay over A$200,000 to an elderly couple after it was unable to produce records showing it had warned them about a cryptocurrency scam.

Reporting & Disclosures

CSRC Proposes Enhanced Investor Relations Management Rules

10/02/2021

The guidelines emphasise four principles of investor relationship management, and include an obligation for listed companies to disclose ESG information to investors.