Fintech / Regtech

BSP Requires Banks to Implement Real Time Fraud Monitoring

31/03/2022

Under new relations, Philippine banks and NBFIs are required to implement automated and real-time fraud monitoring and detection systems by end-December.

Securities / Derivatives

Korea FSS Seeks Stronger Audit Regulations to Prevent Fraud

31/03/2022

The FSS will examine 180 companies and 17 audit firms this year, while also enhancing its audit screening exercises and strengthening punitive sanctions.

Crypto / Digital Assets

HKEX Sets Out Vision to Build ‘Marketplace of the Future’

30/03/2022

HKEX will introduce a new platform for ESG-related products, ETF connect schemes with the mainland, more yuan products, and more listing reforms.

Fintech / Regtech

Australia Consults on Regulatory Framework for Financial Advice

29/03/2022

The consultation asks how fintech could help reduce financial advice costs and how to make advice more accessible, including through robo-advisers.

Enforcement

ASIC Probes Fund Managers for Misleading Marketing

24/03/2022

ASIC is assessing whether fund managers made false or misleading statements or engaged in misleading or deceptive conduct when marketing their funds.

Securities / Derivatives

Hainan to Launch Carbon Market in H2 This Year

23/03/2022

The establishment of the Hainan International Carbon Emissions Trading Exchange was approved by provincial officials last month.

Fintech / Regtech

BIS, Central Banks Complete Development of Multi-CBDC Prototypes

23/03/2022

The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.

ASIC Warns on Using ‘Influencers’ to Promote Financial Products

22/03/2022

ASIC places responsibility firmly on AFS licensees to ensure that any influencers they use and the financial-related content they present complies with the law.

Enforcement

HKEX Censures Six Directors Over “Unchecked Spending Spree”

19/03/2022

The investment holding company spent over HK$60mn of company money to acquire luxury assets including a HK$24.5mn yacht, a HK$20mn diamond, seven cars, and 57 paintings.