Markets & Infrastructure

Payments & Settlements

Thailand, Vietnam Go Live With Cross-border QR Payment Link

By Editors | 20/11/2022

The link will enable customers, tourists and merchants make and receive payments with convenience, speed, security, transparency and at low cost, the BOT and SBV said.

Payments & Settlements

FSB Defines KPIs for Enhancing Cross-Border Payments

By Editors | 18/11/2022

The KPIs will help to measure progress towards achieving quantitative global targets for enhancing cross-border payments, the FSB said.

Alternative Markets

FSC Korea to Allow Brokers to Launch ATS Platforms for Securities

By Editors | 18/11/2022

The introduction of alternative trading systems will increase competition, boost trading activity, reduce costs for investors, and improve market efficiency.

Market Abuse

Singapore Charges Former Hyflux Execs for Disclosure Failures

By Editors | 18/11/2022

A joint investigation by the CAD, MAS and ACRA found lapses in Hyflux’s disclosures and non-compliance with accounting standards.

Fraud, Scams & Cybercrime

FTX’s “Complete Failure” of Corporate Controls, Worse Than Enron

By Manesh Samtani | 18/11/2022

Restructuring specialist John J Ray says FTX’s failure is the worst he has ever seen, citing control failures and the “complete absence” of trustworthy financial information.

Clearing & Post-Trade

UAE State Fund Acquires Stake in AirCarbon Exchange

By Editors | 17/11/2022

The investment will help AirCarbon Exchange establish a regulated carbon trading exchange and clearinghouse in Abu Dhabi.

PEPs & Sanctions

USCC Calls for Formation of China Sanctions Planning Committee

By Editors | 17/11/2022

Congressional advisory body USCC says a new committee should be formed to develop options to respond to possible hostile action by China against Taiwan.

Cybersecurity

Medibank Customers Face Continued Threat of Data Leaks

By Manesh Samtani | 17/11/2022

Medibank refused to pay a $10m ransom to hackers, who have since released information linking individuals to drug addiction, alcohol abuse, abortions and mental health treatment.

Fraud, Scams & Cybercrime

FSS Instructs BNK Kyongnam Bank to Compensate Lime Investors

By Editors | 17/11/2022

The FSS determined that BNK Kyongnam Bank should provide 65 to 75 percent compensation to two investors affected by the collapse of Lime Asset Management.