Market Abuse

Shanghai Chipmaker Barred from Launching IPO for 5yrs

12/06/2024

The company, already penalised for inflating its 2020 profits, is now barred from listing its shares for five years.

Cryptocurrency

Australia Bans Use of Crypto, Credit for Online Gambling

12/06/2024

Cryptocurrencies, credit cards, and other new forms of credit cannot be used as payment methods for online gambling.

Sustainable Finance

Japan Carbon Market Study Group Holds First Meeting

12/06/2024

Discussions centred around ensuring certification organisations are reliable and whether IOSCO’s recommendations should be adopted.

PEPs & Sanctions

Russia to Dirupt FATF Plenary in Singapore, Ukraine Warns

12/06/2024

Ukraine is reportedly warning that Russia will send officials to the FATF Plenary in an attempt to “contact, influence and pressure delegates”.

Structural Regulation

Japan Passes Law to Allow Intangible Assets as Loan Collateral

12/06/2024

The law will enable businesses to obtain loans backed by future cash flows and other intangible assets such as intellectual property.

Credit Risk

Japan FIs Asked to Be “Sympathetic” When Covid Measures End

12/06/2024

FIs are asked to continue supporting business revitalisation efforts when the pandemic support measures expire at the end of June.

Cryptocurrency

FSC Korea to Establish Dedicated Virtual Assets Division

12/06/2024

The new division is being created as a temporary organisation to establish an effective disciplinary system for the virtual asset market.

Fraud, Scams & Cybercrime

Hong Kong, Singapore to Strengthen Cooperation on Scam Calls

11/06/2024

Hong Kong’s OFCA and Singapore’s IMDA have signed an MoU to strengthen their cooperation in combating scam calls and messages.

Trading & Investment

HSBC Agrees to Raise Stake in China Fund Venture

11/06/2024

HSBC will raise its stake in HSBC Jintrust Fund Management from 49 to 80 percent, subject to regulatory approval.