Conduct, Culture & Accountability

ASIC Imposes Eight Year Bans Over Pressure Selling of CFDs

21/07/2022

Two executives have been banned for eight years after their firm engaged in “unconscionable conduct” including the use of pressure selling tactics.

Fraud, Scams & Cybercrime

Fraud Risk: An Industry Priority for the Crypto Space

20/07/2022

Experts say crypto firms have a responsibility and moral obligation to have anti-fraud controls in place, and that this will help create trust in the industry.

Payments & Settlements

Singapore Finalises Key Settings of MAS Recommended Rate

20/07/2022

The MAS Recommended Rate is the fallback rate that will apply to outstanding SOR-based business loans and derivatives when Fallback Rate (SOR) is discontinued after end-2024.

Conduct, Culture & Accountability

OJK Indonesia Strengthens Regulations on Market Conduct

20/07/2022

The regulation focuses on ensuring consumers are provided information about financial products and services in a clear, accurate, correct, and easily accessible manner.

CBDCs

China CBDC Tests to be Extended to 23 Pilot Sites

20/07/2022

The PBOC’s Zou Lan said the digital currency has played a positive role in promoting consumption, boosting domestic demands, and stabilising economic growth.

Trading & Investment

Taiwan FSC Relaxes Rules for Investors on Collateral Use

20/07/2022

Investors can use assets such as gold and mutual fund units as collateral to meet margin calls rather than be forced out of positions.

Payments & Settlements

India, Indonesia to Work Towards Establishing Payment Linkages

20/07/2022

The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.

Sustainable Finance

JPX Launches New ESG Bond Information Platform

20/07/2022

The new platform brings together information about securities and issuers, including their strategies, use of proceeds, ESG impacts, and external reviews.

Structural Regulation

Philippines: UnionBank Commences Digital Banking Operations

20/07/2022

UnionDigital Bank commenced operations on Monday after receiving the BSP’s green light for the launch last week.