Enforcement

Korea Probes Four Banks for Possible Collusion on Rates

15/06/2023

The Fair Trade Commission conducted inspections at Kookmin Bank, Hana Bank, Shinhan Bank and Woori Bank.

Crypto / Digital Assets

Korea Securities Depository to Establish Security Token Platform

15/06/2023

The KSD will set up a securities token platform and play the role of screening registrations of such digital assets.

RBI Asks CRAs for Information on Uncooperative Firms – Report

14/06/2023

About half of the 40,000 companies rated in India do not share information with credit rating agencies.

Market Infrastructure

Australia to Reduce Red Tape Imposed on Financial Advisers

14/06/2023

Assistant treasurer Stephen Jones said the reforms will be progressed in three streams, including allowing super funds to provide advice.

Capital / Liquidity

HSBC Forms New ‘Innovation Banking’ Division Out of SVB UK Acquisition

13/06/2023

The new ‘HSBC Innovation Banking’ brand will roll out globally in the coming months, with innovation-focused teams in the UK, US, Israel and Hong Kong.

Market Infrastructure

Bursa Malaysia Expands List of Securities Approved for Short-Selling

13/06/2023

Bursa Malaysia is expanding its list of securities approved for securities borrowing, securities lending and short selling.

Hong Kong Launches Network of Family Office Service Providers

13/06/2023

The ‘Network of Family Office Service Providers’ will seek to support local and global family offices in setting up or expanding in the Hong Kong market.

Fintech / Regtech

MAS Launches Annual FinTech Hackcelerator, Focusing on ‘AI in Finance’

13/06/2023

Fintech firms and solution providers are invited to address 16 problem statements related to AI in the financial services industry.

Enforcement

Japan SESC Seeks Penalties Against Banks That Sold Risky Bonds

12/06/2023

The SESC is asking the FSA to penalised Chiba Bank and its subsidiaries for selling high-risk structured bonds to novice investors.