Structural Regulation

Singapore Proposes to Permanently Allow Electronic Meetings

10/02/2023

Under proposed amendments, companies, VCCs and business trusts will continue to have the option of conducting fully virtual or hybrid general meetings.

Anti-Money Laundering

Japan FSA Issues Draft Rules for Travel Rule Implementation

10/02/2023

The rules will implement laws passed in Japan last year, establishing requirements for Japanese crypto firms to comply with the travel rule.

Cryptocurrency

US SEC Fines Kraken, Forced Shutter of Crypto Staking Programme

10/02/2023

Commissioner Hester Peirce disagreed with the action, saying there isn’t sufficient guidance on the SEC’s regulatory approach to staking programmes.

Credit Risk

Chinese Regulators Uneasy Over Surge in Early Mortgage Repayments

09/02/2023

The mortgages are being repaid early due to high interest rates and low returns from wealth management products. Early repayment affects bank profits and reduces consumption.

Clearing & Post-Trade

Thailand Securities Depository Enhance Digital Services

09/02/2023

TSD enhanced its Investor Portal and launched a new service that provides shareholder meeting notices and documents in electronic format.

Credit Risk

Korea Enhances Loan Refinancing Programme for Small Business

09/02/2023

From March, the programme can be used by more small businesses. Loan limits and the permitted tenure will also be doubled.

Cloud & Infrastructure

US Treasury Calls for Caution When Adopting Cloud Tech

09/02/2023

Treasury’s report highlights concerns over market concentration in cloud service offerings, among other challenges that could detract from their benefits.

Conduct, Culture & Accountability

Korea FSS to Target Bank Governance in 2023 Workplan  

09/02/2023

Among the key tasks in the workplan, the FSS will work to strengthen governance structures, compensation systems, and internal control capabilities of banks.

Supervision & Enforcement

ASIC to Restructure to Enable Faster Enforcement Decisions

09/02/2023

ASIC will streamline its business groups and reduce the number of divisions to make its enforcement approach more strategic and free up funding for technology investments.