Capital / Liquidity

China Revises Rules for Insurance Industry Bailout Fund

13/11/2022

The rules adjust how contributions to the fund are calculated, so that they reflect each insurance company’s risk level.

AML / KYC

ACCC Calls for Laws Requiring Digital Platforms to Stop Scams

13/11/2022

The ACCC says consumer and competition harms across a range of digital platform services are “widespread, entrenched, and systemic”.

Enforcement

Bursa Malaysia Issues Public Reprimand Over Sponsor Failures

13/11/2022

TA Securities did not assess the internal controls and risk management systems of the listing applicant and falsely represented that it had.

AML / KYC

LME Decides Against Banning Russian Metals from Warehouses

13/11/2022

The LME received feedback that a “material portion” of the market is still planning to buy Russian metal in 2023.

Crypto / Digital Assets

KakaoBank to Open Accounts for Coinone Exchange Users

13/11/2022

Coinone will end its partnership with Nonghyup Bank to increase online withdrawal and deposit limits with KakaoBank.

Philippines Introduces Standard Forms for Business Loan Applications

13/11/2022

Lenders have 18 months to use the new standard form, which the BSP says will make credit more accessible to small businesses.

SZSE Opens Science and Technology Exchange Centre

13/11/2022

The Centre will serve as a platform to promote science and technology innovation and connect innovative firms to private equity and venture capital.

Capital / Liquidity

Korea: New Property Market Measures to Take Effect on 1 Dec

12/11/2022

The new “customised countermeasures” are aimed at enabling actual buyers rather than speculators to obtain property loans from banks.

AML / KYC

US Officials Asks Banks Maintain Services for Some Russian Firms

12/11/2022

The effort is said to be aimed at reducing the negative effects of Russia-targeting sanctions on the global economy.