Market Abuse

Singapore High Court Considers 40 Year Jail Term for Manipulator

07/11/2022

Prosecutors are reportedly asking the court to impose a 40-year jail sentence on John Soh Chee Wen, the mastermind of the 2013 penny stock crash.

Trading & Investment

CSRC Issues Rules for Private Pension Investments in Public Funds

06/11/2022

Fund products receiving private pension investment must have “safe” and “stable” operations and focus on long-term value preservation.

Payments & Settlements

Standard Chartered to Join Partior as Founding Shareholder

06/11/2022

The investment will strengthen Partior’s international reach and capabilities, while also helping StanChart accelerate the deployment of blockchain tech across its own network.

DeFi & Web3

Japan Agency to Explore Use Cases, Legal Status of DAOs

06/11/2022

A Web 3.0 study group will establish a DAO to better understand its benefits and limitations and make recommendations to the government.

AI Risk & Governance

MAS to Expand Funding Support for Financial Sector Innovation

06/11/2022

MAS will provide a further SGD 150 million in funding over three years to the Financial Sector Technology and Innovation scheme.

Fraud, Scams & Cybercrime

Most Ransomware Attacks Have a Russia Nexus: FinCEN

06/11/2022

About 75 percent of ransomware-related incidents reported to FinCEN in H2 2021 had a nexus to Russia, its proxies, or persons acting on its behalf.

Conduct, Culture & Accountability

Australia: Customer Owned Banks Gets New Code of Practice

06/11/2022

The new code establishes obligations for more inclusive banking products, expanded lending obligations and guarantor protections, and greater support for vulnerable customers.

Climate Risk

Banks Working to Assess Climate Impacts on Trading Book

06/11/2022

An ISDA-EY report says banks see the potential benefits of engaging with regulators to help define and run an exploratory scenario for the trading book.

Payments & Settlements

MAS to Cooperate with Ghana on Trade and Financial Services

04/11/2022

MAS will work on initiatives to generate greater opportunities for trade and financial services cooperation between Singapore and Ghana.