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Conduct, Culture & Accountability
ASIC Investigating Financial Hardship Practices at Lenders
By Manesh Samtani | 07/06/2024
ASIC commenced court action against one major bank last year. Three other lenders are under formal investigation.

Cryptocurrency
Thai SEC Grants First Approval for Bitcoin ETF
By Editors | 07/06/2024
The ETF will operate under a fund-of-funds structure, allocating investments across major global Bitcoin funds.

Structural Regulation
KRX to Provide Consulting to Support Corporate “Value Up” Plans
By Editors | 06/06/2024
One-on-one customised consulting will be provided to 100 small and medium-sized listed companies to help them establish and disclose their Value Up plans.

Trading & Investment
HKMA Exploring Further Enhancements to Wealth Connect
By Editors | 06/06/2024
The individual investor quota was tripled this year, but it is still “not quite enough for private bank clients”, said HKMA’s Eddie Yue.

Clearing & Post-Trade
FIA, DMIST Publishes New Standards on Average Pricing
By Editors | 06/06/2024
DMIST calls for CCPs globally to adopt the new average pricing standards, to drive consistency and improve allocation processes.

Anti-Money Laundering
Myanmar Cracks Down on Cross-border Remittances
By Editors | 06/06/2024
“Hundi” cash transfer services and overseas property deals are being blamed for a severe depreciation of Myanmar’s currency.

Structural Regulation
Australia Introduces Legislation to Regulate BNPL Sector
By Sanday Chongo Kabange | 06/06/2024
BNPL providers will need to hold a licence and comply with existing credit laws, including requirements to conduct affordability checks.

Trading & Investment
BOK Invites Domestic Banks to Handle Cross-currency FX Trades
By Manesh Samtani | 06/06/2024
Domestic banks can apply to participate in non-won FX transactions needed for managing Korea’s foreign exchange reserves.

Sustainable Finance
Japan Forms Group to Examine Carbon Market Infrastructure
By Editors | 06/06/2024
The new study group will examine the state of the infrastructure and market practices for carbon credit trading in Japan.

Trading & Investment
IOSCO Releases Final Report on Handling Market Outages
By Nithya Subramanian | 06/06/2024
The report offers five good practices to improve trading venues’ preparedness for and resilience to market outages.
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