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Fintech / Regtech
BIS, BOE Launch Innovation Hub London Centre
By Editors | 12/06/2021
The launch is part of a plan to expand the global reach of the BIS Innovation Hub, which includes the opening of Centres in Toronto, Frankfurt, Paris and Stockholm.
ESG / Sustainability
Thailand: SEC Pledges Support for AIMC Sustainability Roadmap
By Manesh Samtani | 11/06/2021
The three-year roadmap includes an initiative to develop an ‘ESG Data Framework’, which will enhance the information investors can be provided on the ESG efforts of listed companies.
Securities / Derivatives
Thailand SEC Streamlines Process for Mutual Fund Approvals
By Sanday Chongo Kabange | 11/06/2021
Asset managers can start submitting applications for approval to establish a new mutual fund using a new online system from 1 June.
Market Infrastructure
Regulatory Harmonisation Critical to OTC Derivatives Reporting
By Priya Kundamal | 11/06/2021
The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC’s Priya Kundamal.
Big Picture
WEF Publishes ‘Policy-maker Toolkit’ for Decentralised Finance
By Sanday Chongo Kabange | 10/06/2021
The report offers a range of policy actions that can be adopted for DeFi, ranging from the introduction of new licence types and imposing prohibitive measures to doing nothing at all.
Securities / Derivatives
Sri Lanka Cabinet Approves Bill to Enhance Capital Market
By Sanday Chongo Kabange | 10/06/2021
The bill is aimed at enhancing market regulation, improving enforcement mechanisms, and creating a more efficient capital market with better governance standards.
AML / KYC
China Steps Closer to Law to Protect Against US Sanctions
By Editors | 09/06/2021
A second draft of legislation aimed at countering US sanctions has reportedly been filed and is expected to be voted on soon.
Enforcement
Philippine Prosecutors File Criminal Complaints Over Wirecard Fraud
By Ranamita Chakraborty | 09/06/2021
The criminal complaints accuse respondents of violating banking, cybercrime, and e-commerce laws as well as falsifying commercial documents.
Market Infrastructure
CFTC Subcommittee Proposes Switch to SOFR for Interdealer Swaps
By Manesh Samtani | 09/06/2021
The ARRC said the change, proposed for 26 July, will allow it to formally recommend forward-looking SOFR term rates published by CME Group.
AML / KYC
US DOJ Recovers $2.3mn of Ransom Paid to Colonial Pipeline Hackers
By Sanday Chongo Kabange | 09/06/2021
Investigators were able to track multiple transfers of bitcoin by reviewing the Bitcoin public ledger, and subsequently seized 63.7 bitcoins.
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