Markets & Infrastructure

Structural Regulation

IASB Wraps Up Technical Work on Two New Accounting Standards

By Editors | 31/07/2023

The IASB advances financial reporting transparency with the finalisation of two new IFRS Accounting Standards, poised for a 2024 debut.

Structural Regulation

FSS Korea Enhances Disclosure System to Provide Translation Feature

By Sanday Chongo Kabange | 31/07/2023

Korean regulators are trying to increase English disclosures in the local market as part of efforts to attract more foreign investors.

Payments & Settlements

MAS Targets End to Corporate Cheques by 2025

By Editors | 31/07/2023

Singapore to eliminate corporate cheques by 2025 and transition users to e-payment solutions, amid rising cheque processing costs.

CBDCs

Digital Yuan Being Used for Clearing Commodity Spot Trades

By Editors | 30/07/2023

Industrial Bank is the first bank to incorporate digital RMB into commodity spot trading, paving the way for future advancements in this area.

Fraud, Scams & Cybercrime

Consumer Complaints Reach Record High, says AFCA

By Editors | 30/07/2023

The rise in complaints is attributed scams, insurance claim delays, and banking disputes, AFCA said.

Trading & Investment

FSS Korea Completes Inspections of CFD Businesses

By Editors | 30/07/2023

The FSS said it will take “stern measures” against illegal acts identified from the inspections, which covered three major securities firms.

Trading & Investment

SHFE Launches Trading in Synthetic Rubber Futures

By Editors | 30/07/2023

The new futures and options contracts are the world’s with butadiene rubber as the underlying commodity.

Conduct, Culture & Accountability

HKMA, SFC Offer New Guidance on Suitability Obligations

By Manesh Samtani | 30/07/2023

HKMA and SFC say intermediaries can tailor their point-of-sale procedures to the personal circumstances of sophisticated professional investors.

Cryptocurrency

Accounting Firms Face Potential Liabilities in Crypto Audits: SEC Official

By Manesh Samtani | 30/07/2023

SEC Chief Accountant warns accounting firms of potential legal liabilities when auditing crypto firms, stressing the importance of auditor independence.