Markets & Infrastructure

Structural Regulation

PCAOB Publishes Findings from Audit Inspections of Chinese Firms

By Editors | 12/05/2023

The PCAOB said it found an “unacceptable rate” of deficiencies in the KPMG and PwC audits of US listed Chinese companies it reviewed last year.

Trading & Investment

SEBI Allows FPIs Direct Access to Commodity Derivatives Market

By Editors | 12/05/2023

Direct access will enable FPIs to have direct control over orders and implement better hedging and arbitrage strategies, SEBI said.

Trading & Investment

HKEX May Allow Market to Remain Open During Typhoons

By Editors | 12/05/2023

A working group from HKEX and the HKMA is reportedly drafting a plan to allow trading to continue as normal during typhoons and rainstorms.

Supervision & Enforcement

HSBC, Scotia Fined for Use of Unapproved Messaging Tools

By Editors | 12/05/2023

Employees, including those at senior levels and in compliance roles, used unapproved messaging tools to engage in business-related communications.

Structural Regulation

China to Appoint Veteran Banker to Head New Super-Regulator

By Editors | 12/05/2023

Li Yunze will head the NFRA (National Financial Regulatory Administration) as part of a broader restructuring of China’s financial regulatory regime.

Supervision & Enforcement

ASIC to ‘Sharpen Focus’ on Misconduct by Credit Providers

By Editors | 11/05/2023

Deputy chair Sarah Court said credit providers and debt management firms that take advantage of vulnerable consumers are in ASIC’s sights.

Structural Regulation

Taiwan Central Bank Doesn’t Want to Run Sovereign Wealth Fund

By Editors | 11/05/2023

Lawmakers proposed to give the central bank powers to operate a sovereign wealth fund using foreign exchange reserves.

Emerging Prudential Risks

FSB Assessing Role of Social Media in Bank Failures

By Sanday Chongo Kabange | 11/05/2023

Head of financial stability analysis Costas Stephanou said the FSB plans to issue a detailed report on its findings later in 2023 or next year.

Clearing & Post-Trade

Swap Connect – A New Addition to the Connect Family

By Chong Liew | 11/05/2023

Swap Connect will mark another milestone for Hong Kong as a “super-connector” between mainland China and the rest of the world, says Chong Liew.