Markets & Infrastructure

Capital Adequacy

Hong Kong SFC Fines XHK for Violating Capital and Client Money Rules

By Editors | 02/06/2026

The Hong Kong broker was penalised for significant breaches of liquid capital requirements and client money rules following a self-initiated report.

Cryptocurrency

CME Adopts 24/7 Crypto Trading, Setting Global Precedent

By Manesh Samtani | 02/06/2026

The move by the world's largest derivatives exchange to embrace always-on trading for regulated crypto products signals a major structural shift for institutional finance.

Data Privacy

China Issues Sweeping New Rules on Outbound Investment

By Mark Johnston | 02/06/2026

The new regulation, effective 1 July, formalises national security reviews, tightens controls on technology transfers, and creates a legal framework for countermeasures against foreign restrictions.

Alternative Markets

Korea's Sells Out Public Tranche of New National Growth Fund

By Nithya Subramanian | 02/06/2026

The retail portion of the state-backed fund sold out in a week, as the main fund approved new investments in AI, biotech, and batteries.

Conduct, Culture & Accountability

KPMG Australia CEO and Audit Head Resign Amid Whistleblower Scandal

By Sanday Chongo Kabange | 02/06/2026

The firm has admitted to mishandling allegations of client data misuse, prompting an investigation by the corporate regulator and a review of its internal culture.

Emerging Prudential Risks

China Accelerates Major Financial Legislation to Bolster Stability

By Mark Johnston | 02/06/2026

Beijing is fast-tracking four key laws, including a new Financial Law and a Financial Stability Law, to overhaul its regulatory architecture and strengthen risk management.

Structural Regulation

Thai Virtual Bank Licensees Take Divergent Paths to Launch

By Nithya Subramanian | 02/06/2026

SCB X is delaying its launch to late 2026, while the CP Group is navigating major corporate restructuring to meet a July target.

Supervision & Enforcement

Korea FTC to Revive ‘Grim Reaper’ Unit, Introduce Break-Up Powers

By Sanday Chongo Kabange | 02/06/2026

The regulator is launching a major overhaul, introducing structural remedies and personal fines for executives, and probing an alleged insurance cartel.

Structural Regulation

US Treasury Offers Relief to Sovereign Investors on Tax Rules

By Editors | 02/06/2026

The move provides grandfathering protection for existing investments and a transition period, following concerns from sovereign wealth funds over proposed changes to US tax rules.