Market Abuse

FSC Korea to Expand Enforcement Toolkit to Target Unfair Trading

09/08/2024

Those found engaging in unfair trading activities will face a 10-year ban on trading in the capital market and potentially have their names disclosed publicly.

Conduct, Culture & Accountability

Evergrande Liquidators Are Suing PwC for Damages – Report

09/08/2024

The writ of summons accuses PwC of breach of contract, breach of duty, misrepresentation, negligence, and/or unjust enrichment.

Market Abuse

KRX Hires AI Firm to Develop Short-Selling Detection System

09/08/2024

KRX has signed a service contract with Conan Technology to develop its new short-selling detection system.

Resolution & Recovery

US Fed Finalises New Guidance on Banks Resolution Plans

09/08/2024

The final guidance generally applies to banks, including foreign banks, with over $250bn in total assets, but not G-SIBs.

Fraud, Scams & Cybercrime

US Court Approves $12.7B Settlement Between CFTC, FTX

09/08/2024

The CFTC’s Ian McGinley said the settlement represents the largest recovery for investors in the regulator’s history.

Supervision & Enforcement

Asset Manager H2O Avoids UK Fine by Agreeing to Repay Investors

09/08/2024

The FCA decided not to impose a fine despite “extremely serious” regulatory breaches that resulted in investors being trapped in funds since 2020.

Sustainable Finance

Malaysia to Develop Fundraising Platform for Domestic Carbon Projects

09/08/2024

Bursa Malaysia is establishing a new industry working group to help develop a conceptual framework for the new fundraising platform.

Trading & Investment

BOJ Pledges No Rate Hikes While Markets are “Unstable”

08/08/2024

BOJ’s recent rate hike prompted a significant unwinding of the Japanese yen carry trade which fueled a rout in global stock markets.

Market Risk

PBOC Requests Daily Reports from FIs on Bond Holdings

08/08/2024

NAFMII has also launched a probe against four rural commercial banks over suspected manipulation in the treasury bond market.