Liquidity Risk

RBI Surprises Market with Interest Rate Hike

06/05/2022

The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.

Market Abuse

Two Convicted in Singapore’s Largest-ever Market Manipulation Case

06/05/2022

Two individuals were convicted on 349 charges for controlling and using 187 trading accounts to manipulate three penny stocks before they collapsed in October 2013.

Cryptocurrency

Central African Republic Adopts Bitcoin as Legal Tender

06/05/2022

The adoption of Bitcoin as legal tender is expected to make transactions in CAR easier, but the move is seen as part of a power struggle between Russia and France.

Cybersecurity

Australian Court Penalises RI Advice Over Cybersecurity Failures

06/05/2022

The ruling is the first of its kind in Australia, and follows cyber incidents that occurred at authorised representatives of RI Advice between 2014 and 2020.

Anti-Money Laundering

J5 Publishes Red Flag Indicators to Address NFT Risks

05/05/2022

Tax enforcement agencies provide a list of account and transaction attributes from NFT marketplaces that may indicate fraud or other illicit activity.

Emerging Prudential Risks

DTCC Calls for Greater Scrutiny of Interconnectedness Risks

05/05/2022

Interconnectedness, while providing benefits, poses certain risks that need to be recognised and analysed to guard against system-wide vulnerabilities, DTCC says.

Trading & Investment

BSEC to Encourage Brokerage Firms to Launch IPOs

05/05/2022

Brokerage firms that are allowed to issue IPOs will be able to increase investment flows to the market and enhance their monitoring, BSEC said.

KYC & CDD

NYDFS Issues Guidance Recommending Use of Blockchain Analytics

05/05/2022

The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.

Market Risk

US Fed Announces Biggest Rate Increase Since 2000

05/05/2022

The Federal Reserve has also outlined plans to shrink its USD 9 trillion balance sheet in phases, starting in June.