Conduct, Culture & Accountability

NZBA Issues Guidelines for Banks on Serving Customer Needs

02/10/2020

The guidelines were developed in consultation with the FMA and build on the banking industry’s work following the 2018 conduct and culture review.

Cryptocurrency

BSP Set to Issue Revised Rules on Virtual Assets

30/09/2020

The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.

Structural Regulation

KRX Offers English Translation Service for Company Filings

29/09/2020

KRX says its investor base will expand by allowing foreigners improved accessibility to English language disclosures of listed companies.

Market Abuse

Two Ex-Deutsche Traders Convicted in Spoofing Case

29/09/2020

The two former traders were found guilty of fraud charges for their respective roles in manipulating gold and silver futures prices.

Fraud, Scams & Cybercrime

Seoul Court Sentences Ex-Shinhan Exec to Eight Years’ Jail

29/09/2020

The former executive was convicted for accepting bribes, deceiving investors, concealing losses in Lime Asset Management fund products.

DeFi & Web3

Ant Group Launches New Digital Trade, Financing Platform

29/09/2020

DBS, BNP Paribas, Citibank, Deutsche Bank and StanChart have partnered with Ant Group to help optimise cross-border processes on the new blockchain powered platform.

Structural Regulation

Taiwan FSC Considers Changes to Capital Market Rules

28/09/2020

The FSC is examining whether to encourage the development of Internet-only securities companies to cater to investors who are increasingly placing orders online.

Clearing & Post-Trade

Taiwan FSC Outlines Plans for Capital Market Development

26/09/2020

A 3-year roadmap to be unveiled by year-end includes plans to set up central clearing for OTC derivatives, and improve convenience and efficiency for foreign investors.

Structural Regulation

Philippine Bourse Proposes to Ease Listing Rules

26/09/2020

The minimum cap requirement for the Main Board is being removed in favour of a net income requirement. The criteria for the SME Board are also being relaxed.