ESG / Sustainability

ASIFMA Report Offers APAC Guidance on ISSB Adoption

15/07/2024

The report says APAC jurisdictions should adopt IFRS S1 and IFRS S2 simultaneously, to prevent the risk of a “country or market discount”.

Capital / Liquidity

Korea Approves Resolution Plans, Announces D-SIBs List

14/07/2024

The FSC said future resolution plans need to include measures to address possible IT service interruptions and bank runs.

Securities / Derivatives

CSRC Tightens Curbs on Short Selling, Securities Lending

12/07/2024

Margins for short-selling will increase. CSF suspended its securities lending business. Quant trading also under scrutiny.

Market Infrastructure

UK to Introduce New Listing Regime from 29 July

12/07/2024

The new regime will merge the ‘premium’ and ‘standard’ listing segments and allow founders to exert greater control of their companies.

AML / KYC

Australia, US to Help Boost Correspondent Banking in Pacific

11/07/2024

Australia pledged A$6.3mn in funding to help counter the decline in correspondent banking services in the Pacific.

AML / KYC

FATF Calls for Urgent Action to Regulate Gatekeeper Professions

11/07/2024

Australia, China, the US, and South Korea scored the lowest on compliance with the FATF’s corruption prevention standards.

Crypto / Digital Assets

Korean Regulators Outline Approach to Crypto Investigations

10/07/2024

The new investigation system will be immediately activated on 19 July, when the new Virtual Asset User Protection Act takes effect.

AML / KYC

Global Implementation of AML Measures for Crypto “Still Lagging”

10/07/2024

The FATF says there has been “negligible improvement” in regulating virtual assets and “insufficient progress” in implementing the travel rule.

Enforcement

China to Intensify Crackdown on Capital Markets Fraud

09/07/2024

New guideline includes measures to crack down on financial fraud such as false information disclosure and embezzlement of IPO proceeds.