Enforcement

UAE Extradites Former CEO to Thailand to Face Fraud Charges

25/06/2024

The former CEO of Stark Corporation was extradited to Thailand after being on the run for around eight months.

Securities / Derivatives

Korea Issues Regulatory Change Notices Relating to Short-Selling Ban

25/06/2024

The notices will implement reforms aimed at improving Korea’s short-selling system, including reducing the cash collateral ratio for retail investors.

Securities / Derivatives

CSRC Pledges to Expedite Approval Process for Overseas Listings

24/06/2024

CSRC vice chairman Fang Xinghai said there is a “long queue of companies” waiting to complete their registration for overseas listing applications.

China Asks Visa, Mastercard to Lower Fees on Domestic Transactions

24/06/2024

Visa and Mastercard were asked to reduce their fees so local merchants are more willing to accept card payments from foreign visitors to China.

Crypto / Digital Assets

SNB Extends CBDC Project ‘Helvetia’ for Two More Years

24/06/2024

The SNB said it has become “the world’s first central bank” to carry out a monetary policy operation in a live production environment using DLT.

ESG / Sustainability

China Issues 3yr Plan to Make Coal Power Greener

24/06/2024

The plan includes financing support for eligible projects through REITs, green bonds, green lending, government investments, subsidies and other channels.

AML / KYC

Korea: Simpler Registration Requirement Yielding More Foreign Inflows

24/06/2024

Around 300-400 new accounts are now being opened each month by foreign investors, compared to just 105 monthly during 2023.

Sanctions

Malaysia, Thailand Commencing Procedures to Join BRICS

24/06/2024

Thailand has submitted a formal letter of intent to join BRICS. Malaysia has decided to join and will start work on the formal procedures “soon”.

Fintech / Regtech

EU Commission Launches Consultation on Use of AI in Finance

23/06/2024

The consultation and a series of workshops target all financial stakeholders, covering use cases, benefits, barriers, risks and stakeholder needs.