Structural Regulation

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.

Clearing & Post-Trade

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.

Resolution & Recovery

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.

Cryptocurrency

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.

Reporting & Disclosures

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.

Market Abuse

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.

Liquidity Risk

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.

Anti-Money Laundering

VPBank, Oracle Recognised for Outstanding AML Programme Implementation

23/11/2022

VP Bank and Oracle Financial Services, who were recognises for the implementation of a comprehensive AML programme at VPBank, the first of its kind in Vietnam.

Structural Regulation

PBOC Readying $1bn Fine Against Ant Group – Report

23/11/2022

The fine is likely to focus on Ant’s alleged violations relating to a “disorderly expansion of capital” and the corresponding financial risks.