Trading & Investment

Tokyo, New York Bourses to Promote Cross-border Investment

23/09/2022

The NYSE and TSE will collaborate on product development, marketing, information sharing, and the use of digital technologies in market operations.

Structural Regulation

Chinese Officials in Hong Kong to Assist With PCAOB Inspections

23/09/2022

PCAOB inspectors have been in Hong Kong this week to commence audit inspections of US-listed Chinese companies at PwC and KPMG’s offices.

Cryptocurrency

Australian Senator Proposes Bill on Digital Asset Regulation

23/09/2022

The bill would establish rules for crypto exchanges, custody providers stablecoin issuers, and banks facilitating e-CNY transactions.

Conduct, Culture & Accountability

Japan to Probe Retail Sales of Structured Products by Banks

22/09/2022

The FSA says many customers who were not sufficiently informed about the products they were buying have complained of “unexpected losses”.

Structural Regulation

Korea Planning Reforms to Address Foreign Investor Concerns

22/09/2022

Foreign investors have complained about the current dividend policy, registration requirements, and a lack of corporate filings in English.

Fraud, Scams & Cybercrime

New York AG Files Fraud Charges Against Trump & Family

22/09/2022

The lawsuit says Trump falsified his net worth to obtain more favourable loan terms, cheaper insurance coverage, and tax benefits.

Trading & Investment

HKMA Signals Coming Enhancements to Wealth Connect Scheme

22/09/2022

Enhancements could include measures to improve sales arrangements, expand the product scope, and allow more financial institutions to participate.

Payments & Settlements

Banks, Tech Firms Propose Payments Pilot Using EU Digital IDs

22/09/2022

European banks and tech firms will show how payments and EU digital ID wallets can be combined across borders and in multiple currencies.

Structural Regulation

Refinitiv Commences Publication of USD IBOR Cash Fallbacks

22/09/2022

USD IBOR Cash Fallbacks will be used to transition loans, bonds and securitised products that reference LIBOR and will mature after 30 June 2023.