Climate Risk

JPX Sets Organisational Targets to Achieve Carbon Neutrality

02/08/2021

JPX is researching the possibility of generating renewable energy through its own energy generation facilities.

Structural Regulation

China, Hong Kong to Strengthen Legal, Judicial Cooperation

02/08/2021

China and Hong Kong will promote mutual recognition and assistance in bankruptcy procedures. Mainland judicial practice training will be arranged for Hong Kong legal professionals.

Fraud, Scams & Cybercrime

Korea: Daishin Securities Ordered to Compensate Lime Investors

02/08/2021

Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.

Anti-Money Laundering

Western Australia Man Jailed for Dealing in Criminal Proceeds

02/08/2021

The man was sentenced to five years jail over A$6.1mn in cash discovered as a result of intelligence gained during Operation Ironside.

Market Data & Technology

ISDA, ICMA, ISLA Sign MoU on Common Domain Model

02/08/2021

The MoU establishes a framework for closer collaboration on the development of the Common Domain Model across financial markets.

Operational Risk

Taiwan FSC Issues Guidelines on Bank Inspections

02/08/2021

The FSC says a key objective of the guidelines is to introduce innovative technology including big data analysis into the inspection process.

Payments & Settlements

SWIFT Launches Instant Cross-border Payments for SME, Retail

02/08/2021

Seven banks that have launched ‘SWIFT Go’ – BBVA, BNY Mellon, DNB, MYBank, SberBank, Société Générale, and UniCredit.

Cloud & Infrastructure

Thailand, Luxembourg Sign MoU on Fintech Innovation

02/08/2021

The MoU provides a framework for cooperation between the SEC and CSSF with respect to promoting innovation in financial services.

Supervision & Enforcement

APRA Raises Expectations on Superannuation Entities

02/08/2021

APRA has written to RSE licensees describing their key obligations in light of the introduction of the Your Future, Your Super reforms.