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Reviews underway cover concentration risk in OTC derivatives markets, risk management at futures brokers, and block trading practices.

The plan was announced in response to the death of a small business owner who committed suicide after he was scammed out of more than KRW 160 million.

ICMA has also updated its guidance and introduced clarifications to support growth of the sustainable bond market.

Trading platform arrangements should contain information about trading protocols, counterparty name disclosure, prioritisation, use of last look, and trade dispute resolution.

All local and foreign FIs are expected to adopt the basic recommendations set out in the application guide within a recommended timeframe of 24 months.

The SME-focused Judo Bank is the only neobank in Australia which continues to run independently after listing on the ASX last year.

There are due to be two further beta drafts to be launched ahead of the final framework’s planned publication in September 2023.

Several PBOC and CBIRC officials have been named in corruption investigations. A former ICBC executive has pleaded guilty on bribery charges.

The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.

The central bank will now collect feedback from the trials, seek to gain public support for the CBDC, refine its technology, and establish regulations for the digital currency.