Capital / Liquidity

Hong Kong Proposes to Raise Bank Deposit Protection

14/07/2023

The Deposit Protection Board proposes to raise the bank deposit protection limit from HK$500,000 to HK$800,000.

Enforcement

SFC, AFRC to Jointly Target Misconduct By Listed Issuers

14/07/2023

The SFC and AFRC will work together to address misconduct involving dubious loans issued by listed companies to third parties.

Enforcement

SFC Fines Fund Manager for Failing to Segregate Client Funds

14/07/2023

The fund manager also issued inaccurate statements of accounts and failed to provide statements of accounts to clients within the prescribed time limit.

ESG / Sustainability

Verra to Help Indonesia Align Climate Projects with Global Standards

14/07/2023

Verra will work towards harmonising Indonesia’s climate change project registration system with its own registry.

Market Infrastructure

RBA Commences Overhaul Process after Comprehensive Review

14/07/2023

Starting 2024, the RBA will introduce new changes to the way the central bank is managed and how its board handles monetary policy.

Crypto / Digital Assets

UK Treasury Consults on Digital Securities Sandbox

13/07/2023

The proposed Digital Securities Sandbox will enable firms to test issuance and trading of digital securities.

Crypto / Digital Assets

Korea Issues Guidelines on Crypto Accounting & Disclosures

13/07/2023

The new guidelines seek to enhance accounting and disclosure requirements for companies that issue or hold virtual assets.

Crypto / Digital Assets

Woori Bank Caught Up in Crypto-related Embezzlement Scandal

13/07/2023

On of Woori Bank’s employees embezzled about KRW 90 million and used it for personal investments in crypto.

Crypto / Digital Assets

Korea Prosecutors to Form New Unit Dedicated to Crypto Crime

12/07/2023

The new Virtual Asset Joint Investigation Unit will launch by the end of the month and focus on investigating crypto-related crime including fraud.