Securities / Derivatives

SEC Thailand Consults on New Rules for Auditors, Audit Firms

17/02/2021

The SEC proposes new rules on the reporting of suspected fraud identified in audits, and to lower entry requirements for auditors in the capital markets.

Crypto / Digital Assets

SEC Thailand Targets Recovery Objective in New Strategic Plan

16/02/2021

The plan includes a ‘recovery and strengthening’ objective, and measures to support the use of liquidity enhancement tools for businesses affected by Covid-19.

Securities / Derivatives

KRX to Ease Requirements for Listing on KOSPI

12/02/2021

The new rules are expected to facilitate the realisation of the “Korean version of Tesla”, the US automaker which listed on the Nasdaq in 2010 based on market cap.

Fintech / Regtech

Japan Finance Minister to Take CBDC Debate to G7 Meeting

11/02/2021

Taro Aso said at a press conference that he thinks it’s important to “thrash out” policy measures regarding digital currency issued by central banks.

Fintech / Regtech

BOK Calls for Review of Legal Framework to Enable CBDC Issuance

10/02/2021

In a new research paper, the BOK discusses key issues relevant to the issuance of a CBDC, including its design elements and legal and policy implications.

Enforcement

Leaked Report Reveals Credit Suisse Culpability in Lescaudron Fraud

09/02/2021

The case involved Patrice Lescaudron, a French banker who was jailed for defrauding clients in 2018 before committing suicide last year following his early release.

Capital / Liquidity

FSC Korea Defends Restrictions on Bank Dividend Payouts

09/02/2021

The FSC noted that 27 of 40 major global economies are taking similar measures to restrict dividends and share buybacks to ensure financial sector stability.

AML / KYC

Korea: FSC Financial Sector Focus to Include Risk, Competition, Innovation

07/02/2021

The FSC’s 2021 policy agenda for the financial sector will include measures to bolster risk management while also strengthening competitiveness and facilitating digital innovation.

Market Infrastructure

RBI Issues Guidance to Enhance Internal Audit Function at NBFCs, UCBs

07/02/2021

Internal audit frameworks of select NBFCs and UCBs will have to include an evaluation of the risk management systems and control procedures used in various areas of operations.