Market Abuse

Australian Charged With Insider Trading Over Diamond Discovery

13/04/2021

The man traded while in possession of inside information relating to a diamond discovery by Lonrho Mining in Africa in 2012.

Fraud, Scams & Cybercrime

Singapore: Former Banker Admits to Cheating Seven People

12/04/2021

Han Delong worked for UOB between August 2014 and December 2015, and for OCBC between March 2016 to January 2017.

Conduct, Culture & Accountability

ASIC Seeks Penalties from Westpac Over Credit Insurance Sales

12/04/2021

ASIC says Westpac debited premiums for consumer credit insurance from customers who did not agree to purchase the products.

Cryptocurrency

SEC Thailand Allows Crypto Exchange Bitkub to Resume Services

12/04/2021

Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.

Trading & Investment

PBOC Researchers Call for Establishment of Yuan Futures Market

11/04/2021

Offshore RMB rates are becoming increasingly influential, suggesting that they will play an even bigger role in pricing in future.

Structural Regulation

China Issues Largest Ever Antitrust Fine Against Alibaba

11/04/2021

The 18bn yuan penalty is the highest antitrust fine ever to be imposed in China, equivalent to 4% of Alibaba’s 2019 revenues.

Structural Regulation

BOT to Prohibit THBFIX-based Transactions from 1 July

11/04/2021

New transactions based on THBFIX including loans, bonds, and structures notes must stop from 1 July 2021.

Market Data & Technology

Bloomberg Confirms BSBY Adheres to IOSCO Principles

11/04/2021

BSBY includes a term structure and systemic credit-sensitive spread, and can be used to supplement Term SOFR in the lending market.

Payments & Settlements

RBI to Extend RTGS, NEFT Connectivity to Nonbanks

10/04/2021

Digital wallet providers and card networks will be able to directly connect to the RTGS and NEFT systems.