Enforcement

SEBI Cancels Rating Agency Licence for the First Time

10/10/2022

Brickwork Ratings India failed to exercise proper skill, care and diligence while discharging its duties as a credit rating agency, SEBI said.

Market Infrastructure

US, EU Move to Adopt New Data Sharing Framework

10/10/2022

The legal basis for transatlantic data transfers has been uncertain since 2020, after the EU-US Privacy Shield was declared invalid under EU law.

ESG / Sustainability

BSE India Receives Approval to Set Up Social Stock Exchange

10/10/2022

The social stock exchange will allow direct listings from non-profit organisations and for-profit social enterprises.

Philippines Set to Adopt Standardised Forms for Loan Applications

10/10/2022

Lenders will be required to use standard loan application forms, which will make credit more accessible to small businesses.

BNM Calls for Heightened Vigilance Over Payment Card Activity

10/10/2022

Payment gateway service provider iPay88 experienced a breach earlier this year affecting card data from online transactions.

Securities / Derivatives

HKIFA Calls for Review of MPF Investment Framework

10/10/2022

The HKIFA is calling for relaxations to allow MPF funds to invest in a wider range of asset classes, and to provide investment flexibility to those already in retirement.

Market Infrastructure

FASB Extends LIBOR Accounting Relief for Two More Years

10/10/2022

The relief delays more onerous accounting treatment that borrowers with legacy LIBOR loans would face if the relief was not extended.

Crypto / Digital Assets

Binance Suffers Crypto Hack, But Contains Losses

10/10/2022

After managing to freeze the majority of the stolen assets, Binance said about $100mn in unrecovered funds remains, out of $570mn that was initially stolen.

Enforcement

Korea May Start Naming Foreign Firms Engaged in Illegal Short-Selling

09/10/2022

Local securities firms are required to notify investors if they are fined for violating short selling-related rules, but this is not the case for foreign investors.