Securities / Derivatives

Enforcement

Westpac Fined A$9.8m for 2016 Pre-Hedging Case

By Sanday Chongo Kabange | 31/01/2024

Westpac will pay the maximum penalty of A$1.8mn allowed in 2016 for unconscionable conduct and another A$8mn for ASIC’s costs.

Enforcement

Korea Increases Rewards for Capital Market Whistleblowers

By Sanday Chongo Kabange | 31/01/2024

Whistleblower reports can also be filed anonymously, to better protect reporters of unfair transactions and market misconduct.

Market Infrastructure

WFE Announces 2024 Priorities For Exchange and Clearing Industry

By Editors | 31/01/2024

The WFE will focus on corporate governance, reinforcing CCPs, ESG issues, and new tech like crypto and AI.

Market Infrastructure

SGX, IDX to Explore Dual Listings Under New MoU

By Sanday Chongo Kabange | 30/01/2024

SGX and IDX will explore collaboration on depositary receipts, ETF cross-listings, index development, and dual listings.

Fintech / Regtech

CFTC Consults on AI Uses and Risks in Derivatives Markets

By Editors | 30/01/2024

Responses will inform analysis on whether the CFTC should issue guidance or regulations on the use of AI in derivatives markets.

Fintech / Regtech

BOT, SET Push New Digital Payments Infrastructure on Businesses

By Sanday Chongo Kabange | 30/01/2024

The BOT and SET are promoting the use of a new payment infrastructure called “PromptBiz” to facilitate the digitalisation of the business sector.

Crypto / Digital Assets

Harvest Becomes First Hong Kong Applicant for Spot Bitcoin ETF

By Manesh Samtani | 30/01/2024

Harvest Global Investments has applied to list a spot Bitcoin ETF in Hong Kong, and also plans to participate in HKMA’s stablecoin sandbox.

Securities / Derivatives

India’s IFSCA Issues Eligibility Criteria for Accredited Investors

By Ajoy K Das | 30/01/2024

The GIFT City regulator has specified criteria for individuals, sole proprietorships and other investment entities who can be deemed accredited investors.

Capital / Liquidity

FRTB in APAC: Challenges, Solutions, and Strategic Implementation 

By Yingqi Zhu | 30/01/2024

Despite its challenges, FRTB presents an opportunity for banks to modernise and for the industry to enhance stability and sophistication, says Yingqi Zhu.