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Credit Risk
China Strengthens Customer Protections in Credit Card Market
By Darien Choong | 09/07/2022
New rules from the CBIRC and PBOC strengthen the obligations of banks in their card issuance, marketing, and fraud monitoring activities.
Fraud, Scams & Cybercrime
FSC Korea Penalises Shinhan Bank for Lime Fund Mis-selling
By Editors | 08/07/2022
Shinhan Bank is being suspended for three months from selling new private equity fund products and fined KRW 5.7 billion.
Cryptocurrency
Crypto Firm Voyager Digital Files for Bankruptcy, FDIC Opens Probes
By Editors | 08/07/2022
Voyager previously used wording on a company web page implying that deposit protection could apply in the event of the company’s own failure.
Payments & Settlements
FSB Advances Work on G20 Cross-border Payments Roadmap
By Editors | 08/07/2022
The FSB has proposed KPIs and data sources for monitoring progress toward quantitative global targets for addressing the challenges faced by cross-border payments.
Structural Regulation
Alder to Leave SFC to Take Up Role as FCA Chair
By Editors | 08/07/2022
Ashley Alder became the SFC’s CEO in October 2011. His new appointment as chair of the UK FCA will start in January 2023.
Conduct, Culture & Accountability
HKMA Joins International Financial Consumer Protection Organisation
By Editors | 07/07/2022
FinCoNet’s membership includes more than 30 regulators responsible for financial consumer protection around the world.
Trading & Investment
Australia Reviews Impact of 2020 Ban on LIC Stamping Fees
By Editors | 07/07/2022
Two years ago, the government banned LICs and LITs from paying stamping fees to AFS licensees for help secure investors for capital raisings.
Emerging Prudential Risks
IMF Calls for Strengthening of Capital Markets Regulation
By Editors | 07/07/2022
Securities regulators have generally not seen increases in their resources despite their expanding regulatory perimeters and raised supervisory expectations.
Trading & Investment
China Outlines Plans to Develop Beijing into Technology Hub
By Editors | 07/07/2022
The measures seek to create a “multi-tier, professionalised and specialised tech financing system” in Beijing.
Trading & Investment
FIA Highlights Challenges of HKEX Position Limits Proposals
By Sanday Chongo Kabange | 07/07/2022
The introduction of two more tiers in the position limit regime for single stock options and futures would bring additional operational challenges for exchange participants.
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