Clearing & Post-Trade

HKEX Launches VaR Platform for Clearing Participants

13/06/2022

The new platform introduces margin requirements based on individual stock volatility, instead of a flat margin rate across all securities.

Structural Regulation

UK, Japan Formalise Arrangements on Regulatory Cooperation

13/06/2022

UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.

Structural Regulation

Malaysia SC to Review Rules for Credit Rating Agencies

13/06/2022

The SC plans to make it a requirement for the majority of board members and the rating committee to be independent.

Trading & Investment

Philippine Bourse to Permanently Close Trading Floor

13/06/2022

The pandemic has prompted brokers to conduct their trading activities off-site and hastened the PSE’s migration to ‘floorless trading’.

Reporting & Disclosures

Bursa Malaysia Issues ESG Guidance for Listed Companies

13/06/2022

The guidance is issued as part of an initiative to help listed companies adopt best practices in areas such as governance and sustainability.

Fraud, Scams & Cybercrime

Korean Police Arrest CEO of Discovery Asset Management

13/06/2022

CEO Jang Ha-won faces charges of fraud and violation of the Capitals Market Act for selling funds which caused $194mn in losses to investors.

Market Abuse

Singapore Court Jails Listed Company CFO for Insider Trading

13/06/2022

The former CFO of Broadway Industrial Group communicated information to two friends about the sale of two of the company’s businesses 2016.

Fraud, Scams & Cybercrime

Korean Police Probe Possible Embezzlement at Terraform Labs

13/06/2022

Crypto exchanges are also being asked to draft guidelines on the listing and delisting of digital tokens, so as to protect investors from another Terra-like collapse.

Anti-Money Laundering

Japan Ministry Seeks Powers to Confiscate Crypto Assets

12/06/2022

Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.