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Conduct, Culture & Accountability
Australia: Big 4 Accused of Operating ‘Beyond the Law’
By Editors | 18/07/2023
Former KPMG partner Brendan Lyon called for changes in how the accounting profession is regulated to restore public trust and ensure integrity in financial reporting.

Structural Regulation
DBS Opens International Financial Services Centre Unit in India’s GIFT City
By Ranamita Chakraborty | 18/07/2023
More financial companies from Singapore are expected to enter India’s Gujarat International Finance Tec-City (GIFT City) following the launch of a new cross-border trading link between India and Singapore.

Fraud, Scams & Cybercrime
CSRC Fines GF Securities for Poor Due Diligence in Stock Sale
By Editors | 18/07/2023
GF Securities received an advance notice of administrative penalties from the CSRC connected to a 2018 share issuance by Misho Ecology & Landscape.

Conduct, Culture & Accountability
UK FCA Proposes New Guidance to Tackle Unlawful Social Media Promotions
By Editors | 18/07/2023
The guidance discusses how the use of ‘finfluencers’ and memes on social media could potentially breach the FCA’s rules on financial promotions.

Structural Regulation
Korea FSS Launches New Online Licence Application Platform
By Sanday Chongo Kabange | 18/07/2023
The new “S.T.A.R.T” platform allows applicants to submit licensing, registration and accreditation applications digitally.

DeFi & Web3
Blockchain Technology to Transform Global Commerce through Merger
By Jill Wong | 18/07/2023
The merger aims to scale up the development of blockchain and Web3 technologies across the global supply chain.

Trading & Investment
China Looking to Shore Up Confidence Among Foreign Investors
By Editors | 18/07/2023
Regulators are organising a meeting in Beijing this Friday to discuss the challenges faced by foreign investors and encourage them to maintain their presence in China.

Cryptocurrency
ASX Receives Application to List Retail Spot Bitcoin ETF
By Jill Wong | 18/07/2023
ASX has received its first application to list a spot Bitcoin ETF to retail investors under the cryptocurrency regulations issued in October 2021.

Climate Risk
IOSCO Issues Final Recommendations on Compliance Carbon Markets
By Editors | 18/07/2023
IOSCO’s final report sets out twelve key recommendations on establishing and enhancing compliance carbon markets, drawing from the experiences of traditional financial markets.

Conduct, Culture & Accountability
UK Lawmakers Launch Inquiry into Sexism in Finance
By Editors | 17/07/2023
The inquiry will examine the progress made in removing gender pay gaps, and measures to combat sexual harassment and misogyny in the industry.
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