Capital / Liquidity

FSC Korea Issues New Rules for Mutual Finance Companies

13/01/2022

The rules will limit lending to the real estate and construction sectors and require mutual finance companies to maintain a minimum liquidity ratio based on firm size.

Crypto / Digital Assets

BIS, SNB, SIX Complete wCBDC Integration Test with Bank Systems

13/01/2022

In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.

AML / KYC

OFAC Fines HK Unit of Japanese Conglomerate Sojitz

13/01/2022

Trading in Iran-origin goods was carried out without the knowledge of senior management by employees who omitted information from documentation.

ESG / Sustainability

SGX to Launch Battery Metal Futures in H1 2022

12/01/2022

Futures contracts in cobalt metal, cobalt hydroxide, lithium carbonate and lithium hydroxide will be launched subject to regulatory approval.

Securities / Derivatives

HKEX, SZSE Expand Capital Markets Cooperation Agreement

12/01/2022

HKEX and SZSE will conduct joint forums and workshops, and take part in reciprocal short-term training and secondment programmes for their employees.

CFIUS Deems New Zealand Eligible as Excepted Foreign State

12/01/2022

Foreign investors from excepted foreign states are exempt from mandatory filings and national security reviews of real estate transactions and non-controlling investments.

HK Banks Extend Repayment Deferment for Trade Facilities

12/01/2022

The HKMA cited uncertainties caused by the spread of Covid-19 and global supply chain disruptions that are continuing to pressure corporates.

Securities / Derivatives

Indian Investors Gain Access to Russian Financial Markets

12/01/2022

Sova Capital, a MOEX clearing member, is providing Indian investors access to Russian markets in partnership with India INX and its Global Access platform.

BSP Allows More FIs to Engage in FX Transactions

11/01/2022

The amendments allow Islamic banks and digital banks to engage in FX transactions and streamline licensing requirements for banks.