Market Abuse

Korea FSS to Form Taskforce Targeting Illegal Short Selling

02/06/2022

The task force will first conduct fact-finding inspections and investigate areas with a high probability of short selling violations.

Trading & Investment

Bangladesh Moves Towards Market Based Exchange Rates

02/06/2022

A policy requiring banks to quote uniform rates has been abandoned. Banks can base their FX rates on supply and demand.

Emerging Prudential Risks

SAFE Allows High-tech Firms to Increase Overseas Borrowing

02/06/2022

High-tech companies in 17 provinces/cities can borrow funds from overseas to finance R&D and accelerate their development.

Tokenisation

UnionBank Issues Philippines’ First DLT-based Digital Bond

02/06/2022

The issuance follows a POC project to optimise bond issuance workflows between STACS and PDTC, the Philippines’ national CSD for debt and equities.

Market Abuse

Ex-OpenSea Employee Charged for Insider Trading in NFTs

02/06/2022

The former product manager traded on confidential information about which NFTs were going to be featured by OpenSea’s website.

Climate Risk

NZ XRB Publishes Directors’ Guidance on Climate Disclosures

02/06/2022

The guide outlines key considerations and best practice areas for directors to consider as they prepare for New Zealand’s climate-related disclosures framework.

Tokenisation

SGX CDP Enables Access to DLT Bond Issuance Platform

02/06/2022

CDP has made available to market participants a blockchain-enabled bond issuance platform developed by Marketnode, a joint venture between SGX and Temasek.

Stablecoins

UK Proposes Framework for Dealing with Stablecoin Failures

02/06/2022

HM Treasury proposes to give the BOE powers to appoint administrators to oversee insolvency arrangements with failed stablecoin issuers.

Fraud, Scams & Cybercrime

More Chinese Firms Fall Under India Probe for ‘Irregularities’

02/06/2022

The MCA says it has received information that indicates potential violations including fraud by Chinese companies operating in India.