Markets & Infrastructure

Conduct, Culture & Accountability

HSBC Responsible Officer Disqualified Over MPF Referral Programme

By Sanday Chongo Kabange | 09/09/2024

The responsible officer was disqualified for 30 months for his role in recruiting unregistered personnel to refer MPF corporate clients to HSBC.

PEPs & Sanctions

Major Chinese Banks Are Offloading Russia Assets – Report

By Editors | 09/09/2024

Russia’s banks have also reportedly run out of yuan, largely because Chinese financial firms have stopped doing business with the country.

Conduct, Culture & Accountability

HKMA Suspends Ex-Hang Seng Bank Employee for Dishonest Conduct

By Sanday Chongo Kabange | 09/09/2024

The HKMA suspended a former Hang Seng Bank relevant individual for fabricating a client’s signature on a time deposit application form.

Conduct, Culture & Accountability

SEBI Employees Demand Resignation of Chairperson

By Ajoy K Das | 09/09/2024

About 200 employees held a “silent march” in front of SEBI’s headquarters to call for the resignation of chairperson Madhabi Buch Puri.

Structural Regulation

China to Merge Two Top Securities Firms to Create Industry Giant

By Editors | 09/09/2024

Guotai Junan Securities and Haitong Securities will merge, subject to regulatory and shareholder approval, creating China’s largest brokerage firm.

Payments & Settlements

Alibaba to Add WeChat Pay Option to E-Commerce Platforms

By Editors | 09/09/2024

The decision was announced less than a week after the market regulator declared an end to its antitrust review of Alibaba.

Structural Regulation

Japan Proposes to Allow Foreign Institutions to Handle Domestic Securities

By Thisanka Siripala | 08/09/2024

Under the proposed revision, international platforms can be used for trading and settling domestic securities, provided they meet specific criteria and are approved by regulators.

Trading & Investment

Thailand: Stock Exchange Consults on Rules for New Public Fund

By Nithya Subramanian | 08/09/2024

The SET proposes to amend its rules on NAV disclosure, short selling and tick size for the Vayupak One Fund, a public fund being launched by the Ministry of Finance.

Emerging Prudential Risks

Korean and Japanese Regulators Agree to Strengthen Cooperation

By Thisanka Siripala | 08/09/2024

The FSC’s Kim Byung-hwan and FSA’s Hideki Ito committed to advancing bilateral cooperation in order to better respond to financial market volatility.