Anti-Money Laundering

MAS Fines UOBKH for Business Conduct, AML Failures

31/08/2022

UOBKH failed to implement adequate controls for its corporate finance business and to ensure it was subject to internal audit.

Trading & Investment

Japan FSA Seeks to Make NISA Programme Permanent

31/08/2022

NISA is a programme for small investments that offers time-based exemptions from capital gains and dividend tax.

Structural Regulation

China Merchants Securities Probe Prompts 23 IPO Halts

31/08/2022

China Merchants Securities is under investigation for violations in 2014, prompting suspensions of 23 IPOs it is sponsoring.

Structural Regulation

IBA Consults on Cessation of USD LIBOR ICE Swap Rate

31/08/2022

USD SOFR ICE Swap Rate settings are available for the same tenors for use as a benchmark in financial contracts and instruments.

Cryptocurrency

CME Group Launches Bitcoin, Ether Futures in Euro

31/08/2022

CME says the new contracts will provide institutional investors precise tools to trade and hedge their crypto exposures.

Conduct, Culture & Accountability

Bangladesh NBFIs to Require Approval for All Director Appointments

31/08/2022

The move is aimed at strengthening corporate governance, following a string of frauds and loan scandals in the NBFI sector.

Credit Risk

SEBI Enhances Disclosure Rules for Credit Rating Agencies

31/08/2022

The changes will enhance the transparency and usability of disclosures made by CRAs, SEBI said.

Credit Risk

Korea Prepares ‘New Start Fund’ to Ease SME Debt Burden

31/08/2022

Individually owned enterprises or small merchants hit by Covid will be able to apply for debt adjustment starting in October.

Reporting & Disclosures

More Sustainability Roles Emerging in Finance, Accountancy Sectors

31/08/2022

A study published by ISCA, EY, SMU and SAC identifies three trends in sustainability that will expand the current job roles and skills required for accountancy and finance professionals.