Market Infrastructure

HKMA Sets Out Resolution Planning Expectations in New Guidance

17/02/2024

A new chapter has been added to the Code of Practice setting out the measures banks should have in resolution plans.

Enforcement

Korean Prosecutors Search HSBC, BNP Offices in Short Selling Probe

16/02/2024

The searches are part of a mandatory criminal investigation for violations of the Capital Markets Act.

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.