Securities / Derivatives

US Securities Regulator Opens Inquiry into SPAC Listings

29/03/2021

The SEC has reportedly written to banks seeking information on how underwriters are managing the risks involved.

Market Infrastructure

Cboe Global Markets to Acquire Chi-X Asia Pacific

28/03/2021

The acquisition will provide Cboe with a single point of entry into Australia and Japan and bring block trading capabilities to the APAC region.

Fintech / Regtech

China to Ban Collection of ‘Irrelevant’ Personal Data By Mobile Apps

25/03/2021

Under new guidelines, mobile apps cannot deny users access to their services if users refuse to share unnecessary personal information.

AML / KYC

Compliance Costs Impacted by Technology, Covid: Report

25/03/2021

Firms across APAC that allocate a higher percentage of compliance spend to technology have comparatively lower overall compliance cost.

Fintech / Regtech

Line Pay to Bring Data Stored Overseas Back to Japan

25/03/2021

Line must submit detailed reports to Japanese authorities explaining how it protects personal data, after employees at a China affiliate were found to have access to user information.

ESG / Sustainability

ISLA Pledges to Support ESG Objectives in Securities Lending

24/03/2021

ISLA says it will lead workstreams on five key action points to help share the securities lending market’s response to ESG challenges.

Fintech / Regtech

BOT Outlines Plans to Develop Policy on Stablecoins

24/03/2021

Parties seeking to issue a THB-backed stablecoin are required to consult with the BOT before beginning any operations. A consultation will be issued by mid-year.

Market Infrastructure

SEBI Issues Guidelines for MIIs on Handling Disruptions

24/03/2021

The new guidelines follow last month’s trading halt at the NSE. The exchange has submitted a root cause analysis to SEBI.

Enforcement

Former Fed Employee Pleads Guilty to Stealing Bank Stress Test Data

23/03/2021

The former employee faces jail time for removing restricted documents from his workstation, including proprietary information used by the Fed to conduct bank stress tests.