Securities / Derivatives

SEBI Updates Rules for Centralised Corporate Bond Database

11/06/2021

The updated rules aim to further streamline the centralised database and provide further ease of access of information for investors.

Korea to Require Lenders to Pay Into Microfinance Support Fund

11/06/2021

Proposed revisions set the common contribution rate at 0.03 percent of the balance of household loans for each financial institution.

Enforcement

SFC Suspends GEO Securities Executive for 7.2 Months

11/06/2021

GEO’s breaches were attributable to Lun Sheung Nim’s failure to discharge his duties as a responsible officer and member of the senior management.

Fintech / Regtech

French, Swiss Central banks Partner to Test Wholesale CBDC

11/06/2021

Project Jura will investigate the potential benefits and challenges of wCBDC in settling cross-border payments.

Big Picture

WEF Publishes ‘Policy-maker Toolkit’ for Decentralised Finance

10/06/2021

The report offers a range of policy actions that can be adopted for DeFi, ranging from the introduction of new licence types and imposing prohibitive measures to doing nothing at all.

Securities / Derivatives

Sri Lanka Cabinet Approves Bill to Enhance Capital Market

10/06/2021

The bill is aimed at enhancing market regulation, improving enforcement mechanisms, and creating a more efficient capital market with better governance standards.

Securities / Derivatives

CSRC Grants Securities License to DBS Joint Venture

10/06/2021

DBS Securities China, 51 percent owned by DBS Bank, has official commenced business operations under a new securities licence.

Enforcement

Chinese Police Detain Sichuan Trust Boss Over Missing Funds

09/06/2021

Liu Canglong, who controls companies with a majority stake in Sichuan Trust, is being held by the public security bureau in Chengdu.

AML / KYC

Taiwan FSC Fines Mega Bank $10mn for Fake Mortgages

09/06/2021

Mega Bank failed to detect over 28 mortgages applications that were made by dummy accounts due to poor internal controls.