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.

Supervision & Enforcement

Korea, Thailand Sign MoU on Financial Services Regulation

25/09/2020

The agreement will help enhance supervisory efficiency and promote innovation through experience sharing, technical assistance and exchange of information.

Trading & Investment

US Launches Three New Exchanges, Including MEMX

24/09/2020

Long-Term Stock Exchange (LTSE) launched on 17 September; Members Exchange (MEMX) on 21 September; MIAX Pearl will launch on 25 September.

CBDCs

PBOC, JD.com Partner to Support Digital Currency Fintechs

24/09/2020

The two entities will identify, explore and build fintechs that supports the DCEP on JD.com’s existing e-commerce platforms and services.