Crypto / Digital Assets

Vietnam to Explore Creation of Digital Currency

18/07/2021

Vietnam’s strategy on digitising the local government includes directions for the SBV to pilot the use of a digital currency.

Securities / Derivatives

ESMA Outlines Disclosure Expectations for SPACs

18/07/2021

The guidance is aimed at enhancing the comprehensibility and comparability of SPAC prospectuses and ensuring investors are adequately protected.

Market Infrastructure

China Commences Trading on Newly Launched Carbon Market

17/07/2021

Trading commenced on the Shanghai Environment and Energy Exchange on Friday, covering emissions from over 2000 power companies.

Securities / Derivatives

NAFMII Reprimands Bond Market Makers Over Round-trip Trades

17/07/2021

NAFMII has given a notice of criticism to China Minsheng Bank and summoned Guosen Securities and Guangdong Nanyue Bank for regulatory talks.

Fintech / Regtech

S. Korea: MyData Launch to be Delayed for More Testing

17/07/2021

The Covid-19 pandemic and a lack of IT engineers are said to be stalling system development and API testing.

Enforcement

Bangladesh Probes Loss-making State Banks Over Large Bonuses

16/07/2021

Under existing rules, employees should not receive incentive bonuses from state-owned commercial banks if they fail to make a profit.

FSC Korea to Delay Implementation of New Audit Requirement

16/07/2021

The FSC will postpone for one year the requirement for stock companies’ consolidated internal accounting control systems to undergo an external audit.

Enforcement

Chinese Regulators Penalise Dagong Global Credit Rating

16/07/2021

Dagong failed to adequately scrutinise or inspect the businesses it was evaluating, and adjusted its ratings models without giving sufficient reason.

RBI Grants In-principle Approval for PMC Bank Takeover

16/07/2021

The RBI has given Centrum Financial Services in-principle approval to set up a small finance bank to take over PMC Bank.