Fintech / Regtech

DBS Completes First Intraday Repo Trade on JPM Blockchain Network

24/11/2022

DBS said it is the first Asian bank to complete an intraday repo transaction using the Onyx network, created by JP Morgan in 2020.

AML / KYC

AUSTRAC Directs ING Australian Units to Uplift AML/CTF

24/11/2022

Two ING entities are required to improve their AML/CTF programmes, ML/TF risk assessment, IFTI and SMR reporting, and transaction monitoring.

Securities / Derivatives

BSEC Extends Dividend Restrictions to More Companies

24/11/2022

The restrictions on stock dividends will cover companies listed on the SME platform, OTC Market, and Alternative Trading Board.

Market Infrastructure

ESMA to Simplify Cash Penalties Process Under CSDR

24/11/2022

The amendments simplify the cash penalties process by putting CSDs in charge of collection and distribution, including for CCP-cleared transactions.

Capital / Liquidity

US Federal Agencies Find Shortcoming in Citigroup Resolution Plan

24/11/2022

The agencies said the shortcoming raises questions about the bank’s ability to produce accurate financial information during stress conditions and could undermine its resolution plan.

Crypto / Digital Assets

ASIC Commences Proceedings Over Unlicensed Crypto Products

24/11/2022

ASIC said some of Block Earner’s fixed yield earning products should have been licensed as managed investment schemes.

Enforcement

US SEC Fines Goldman Unit For Not Following ESG Policies

24/11/2022

Goldman Sachs Asset Management had policies and procedures failures involving the ESG research its investment teams used to select and monitor securities.

Crypto / Digital Assets

Korea Prosecutors Seize $104m from Terra Co-founder

23/11/2022

Prosecutors seized and froze USD 104.4 million in assets belonging to Daniel Shin, representing profits from the sale of pre-issued LUNA tokens to investors.

Press Release

Adenza Recognised for Liquidity Modelling & Stress Testing Solution

23/11/2022

Adenza, was awarded best solution in capital/liquidity modelling & stresstesting at Regulation Asia’s 5th annual awards ceremony.