Enforcement

ASIC to Hold Directors Accountable for Unethical Lending

10/02/2024

Deputy Chair Sarah Court said ASIC will not hesitate to step in to protect vulnerable Australians from unethical lending practices.

Crypto / Digital Assets

Korea: Regulator May Be Forcing Binance to Sell GOPAX Stake

09/02/2024

A year after Binance bought a majority stake in crypto exchange GOPAX, the regulator still has not approved the shareholding revision.

Fintech / Regtech

Operational Procedures Updated for GBA Fintech Facility

09/02/2024

The HKMA, PBOC and AMCM updated their operational procedures to reflect Macau’s participation in the facility.

Securities / Derivatives

ASIC Offers Limited Relief for Unfair Contract Terms Regime

09/02/2024

ASIC granted no-action relief to address concerns that the regime could apply to sophisticated participants, who are not the intended targets of the regime.

Crypto / Digital Assets

UBS Launches Hong Kong’s First Tokenised Warrant

09/02/2024

UBS said tokenisation opens a new channel for investors to access digital structured products.

Market Infrastructure

Korea to Reform FX Market to Attract Foreign Investors

08/02/2024

Reforms will address settlement failure risks. Pilot run to extend trading hours kicked off. Foreign FIs now have access to Korean FX market.

Crypto / Digital Assets

South Korea Jails Two Bitsonic Executives for Crypto Theft

08/02/2024

The CEO and CTO were sentenced to seven years and one year in jail, respectively, for embezzling KRW 10 billion in customer funds.

Capital / Liquidity

Korea to Boost Supervision of Troubled Credit Cooperative

08/02/2024

Korea’s Ministry of the Interior and Safety will bolster its supervision over MG Community Credit Cooperative with help from the FSC.

ESG / Sustainability

EU Agrees Regulatory Approach for ESG Rating Providers

07/02/2024

ESG rating providers will need to be authorised and supervised by the ESMA and comply with transparency requirements.