Markets & Infrastructure

Fraud, Scams & Cybercrime

FSS Korea Fines BNK Kyongnam Bank for Employee Misconduct

By Sanday Chongo Kabange | 02/01/2024

Former branch manager opened a securities account using his mother-in-law’s name and forged signature, and used it to place 193 stock trades.

Conduct, Culture & Accountability

RBI Issues Master Direction on Internal Ombudsman Mechanism

By Ajoy K Das | 02/01/2024

The master direction is aimed at strengthening internal grievance redressal systems at regulated entities.

Structural Regulation

Taiwan, Korea Reciprocally Lower Taxes on Dividend, Interest Income

By Editors | 01/01/2024

The agreement was signed in November 2021 after seven years of negotiations. It has taken until now for the required legislative processes.

Conduct, Culture & Accountability

BNM Finalises Responsibility Mapping Framework for FIs

By Editors | 30/12/2023

A two-year transitional period, instead of one year as initially proposed, is provided before the responsibility mapping framework comes into effect.

CBDCs

Bank Indonesia to Trial Digital Rupiah in 2024

By Editors | 29/12/2023

Based on feedback to a Jan 2023 consultation paper, Bank Indonesia has decided to proceed with a series of experiments to develop a digital rupiah.

Structural Regulation

Korea Advances Work to Implement Revised Asset Securitisation Act

By Mark Johnston | 29/12/2023

Effective from 12 January 2024, the revised law will enable a wider range of companies to issue securitised assets.

Trading & Investment

SEBI Proposes Material Price Movement for Rumour Verification

By Nithya Subramanian | 29/12/2023

It has proposed that instead of material events, rumour verification of material price movement should be done within 24 hours.

Trading & Investment

Bursa Malaysia, RAM Holdings Launch Debt Fundraising Platform

By Nithya Subramanian | 29/12/2023

The platform will allow listed and unlisted companies to raise funds through the issuance of credit-rated investment notes.

Market Abuse

Shanghai Court Settles China’s First Securities Class Action Lawsuit

By Editors | 28/12/2023

The court ordered Essence Information Technology to pay more than CNY 280 million to a total 7,195 investors.