Markets & Infrastructure

Fraud, Scams & Cybercrime

Japan FSA Issues Orders to Insurance Major Over Fraud Scandal

By Editors | 29/01/2024

Sompo Japan Insurance is required to draw up an improvement plan including steps to change its corporate culture, enhance customer protection, and improve governance.

Anti-Money Laundering

Samlit Moneychanger Sued After China Police Freezes Funds: Report

By Nithya Subramanian | 29/01/2024

While three Chinese nationals working in Singapore alleged breach of agreements and sought compensation. Samlit said it fulfilled all its obligations.

Trading & Investment

CSRC Adds More Securities Lending Curbs to Boost Stock Market

By Manesh Samtani | 29/01/2024

Shareholders are no longer allowed to lend shares during their lock-up period. Borrowed shares will no longer be available on the same day.

Clearing & Post-Trade

IOSCO Seeks Feedback on Post Trade Risk Reduction Services

By Manesh Samtani | 28/01/2024

IOSCO believes portfolio compression and counterparty risk optimisation services deserve attention from regulators globally.

Cloud & Infrastructure

Taiwan Won’t Reopen Applications for Online-only Insurers

By Editors | 27/01/2024

Applications submitted in 2022 were not approved. Following a “comprehensive assessment”, the FSC said it will not reopen applications.

Trading & Investment

Korea Amends Law to Guard Against Unregulated Investment Advice

By Manesh Samtani | 26/01/2024

Unregistered investment advisors are allowed to operate online chatrooms, but only to provide “non-specific investment advice” to a “general audience”.

Trading & Investment

China Consults on Expanding Foreign Access to Repo Market

By Editors | 26/01/2024

All foreign institutional investors that have already conducted spot trading in the interbank bond market will be allowed to participate in the repo market.

Conduct, Culture & Accountability

CFA Institute Report Examines Finfluencer Phenomenon

By Mark Johnston | 26/01/2024

A new report examines the role and impact of financial influencers on social media platforms and the implications for investment firms and regulators.

Cybersecurity

US Fintech EquiLend Suffers Ransomware Attack

By Editors | 26/01/2024

Ransomware gang LockBit claimed responsibility for the attack, which has forced Wall Street banks to manual processing of certain securities lending transactions.