Emerging Prudential Risks

BOE to Include Hedge Funds, Pension Funds in Scenario Exercises

20/06/2023

The system-wide exploratory scenario will encompasses hedge funds and pension funds alongside large banks, insurers, and CCPs for the first time.

Reporting & Disclosures

IFRS Foundation Opens New ISSB Office in Beijing

20/06/2023

Beijing Vice Mayor Linmao Xia said the government will actively support the promotion and application of the IFRS Sustainability Disclosure Standards in China.

Trading & Investment

Malaysia Announces Measures to Boost Capital Market Vibrancy

20/06/2023

The stamp duty rate payable on stock trades is being reduced by a third to lower the cost of transactions, especially for retail investors.

Anti-Money Laundering

SEBI Amends AML Guidelines for Securities Market Intermediaries

20/06/2023

The guidelines tighten the definition of beneficial ownership and require risk assessments before launching new products and services.

Conduct, Culture & Accountability

SFC Fines Taiping Securities Employee Dealing Control Failures

19/06/2023

Responsible officer had 293 transactions that exceeded the trading limit prescribed for his personal account.

Structural Regulation

BOT Publishes New Consultation Paper on Virtual Bank Licensing Framework

19/06/2023

The consultation paper clarifies expectations for virtual banks to stimulate healthy competition and elaborates on the key qualifications of applicants.

Fraud, Scams & Cybercrime

Henan Bank Fraud: PBOC to Refund Customers With Deposit Insurance

19/06/2023

The PBOC has agreed to mobilise over CNY 10 billion from the national deposit insurance fund to repay customers who were defrauded by four rural banks.

CBDCs

BIS Innovation Hub Concludes Joint CBDC Experiment With BOE

19/06/2023

Project Rosalind explored how a universal and extensible API layer could connect central bank and private sector infrastructures and facilitate retail CBDC payments.

DeFi & Web3

Industry Raises Concerns Over SEC Proposal to Redefine Exchanges

18/06/2023

SIFMA says the SEC’s attempt to bring DeFi systems into scope could potentially subject other non-DeFi broker-dealer systems to unnecessary regulation.