Markets & Infrastructure

Structural Regulation

PBOC Promises Better Business Environment for Foreign Firms

By Editors | 20/09/2023

PBOC governor Pan Gongsheng said China will continue to open up its market for global businesses and create a more business friendly environment.

Custody & Infrastructure

Major FMIs to Collaborate on Digital Assets Development

By Editors | 20/09/2023

DTCC, Clearstream and Euroclear will work to improve standardisation and interoperability in the industry, focusing on real-money assets.

Alternative Markets

Cayman Islands to Open First Asia Office in Singapore

By Editors | 19/09/2023

The Cayman Islands government said the new office will help it pursue business opportunities in Asia and build strategic relationships including in Hong Kong.

Conduct, Culture & Accountability

SFC Imposes Seven Month Ban on Former Taiping Securities RO

By Editors | 19/09/2023

The former responsible officer logged into clients’ internet trading accounts to place orders for them, and failed to maintain proper records of the order instructions.

Fraud, Scams & Cybercrime

Singapore to Consult on Scam Loss Sharing Framework Next Month

By Editors | 19/09/2023

Minister Alvin Tan said the government aims to publish a consultation paper on the “Shared Responsibility Framework” next month, focusing on phishing scams as a start.

Structural Regulation

Michele Bullock Begins Term as New RBA Governor

By Editors | 19/09/2023

Bullock will have to work on shoring up the RBA’s credibility and implementing the central bank’s biggest overhaul since the 1990s.

Trading & Investment

WFE Calls on Policymakers to Better Promote Equity Markets

By Manesh Samtani | 19/09/2023

From a policy perspective, it is important not to approach market-based finance in the same way as banking, the WFE says.

Fraud, Scams & Cybercrime

Affin Hwang Dealer Punished for Misusing Client Funds

By Editors | 18/09/2023

The Affin Hwang Investment Bank dealer’s representative executed personal and unauthorised trades in clients’ accounts.

Fraud, Scams & Cybercrime

EBA CLEARING Issues Specifications for New Anti-Fraud Functionality

By Editors | 18/09/2023

Nine banks are engaged in the data model training for the new fraud-fighting functionality in STEP2 and RT1.