Cryptocurrency

KB Asset Management Unveils Plans to Launch Crypto Funds

24/02/2022

KB Asset Management is working towards launching a crypto ETF, a crypto-themed equity fund, and potentially a hybrid fund that includes crypto exposure.

Market Data & Technology

ANNA Confirms Timeline for Implementing Revised ISIN Standard

24/02/2022

A highlight of the revised ISO 6166 ISIN standard is the formal inclusion of LEI, CFI and FISN as part of the minimum data record.

Structural Regulation

SET Revises Rules to Encourage Listings by Foreign Firms

24/02/2022

Foreign companies will now only have to retain financial advisors for 1 year after listing and the quiet period of strategic shareholders has been shortened to 1.5 years.

Credit Risk

Malaysia Announces New Programme to Boost MSME Funding

23/02/2022

Prime Minister Datuk Seri Ismail Sabri Yaakob said the programme include direct loans, financing guarantees and equity injections.

Tokenisation

Korean Think Tank Classifies Some NFTs as Virtual Assets

23/02/2022

NFTs used in games and for payments can satisfy the definition of virtual assets and may be subject to AML obligations, the Korea Institute of Finance said.

Fraud, Scams & Cybercrime

Seoul Court Declares Lime Asset Management Bankrupt

23/02/2022

Investors lost an estimated KRW 1.7 trillion. Lime Asset Management has a reported KRW 520 billion in debt, compared to just KRW 19 billion in assets, which will be liquidated.

CBDCs

GFMA Paper Outlines Benefits and Challenges of Wholesale CBDCs

23/02/2022

A wholesale CBDC must be crafted with public and private sector collaboration. Implementation timelines should be set cautiously.

Capital Adequacy

China: Banks, SOEs Ordered to Report on Ant Group Exposures

23/02/2022

China’s National Audit Office, the CBIRC and other authorities have reportedly asked SOEs and banks to report on their exposures to Ant, its subsidiaries and its shareholders.

Credit Risk

FSB Seeks Market Views on Resolving Debt Overhang Issues

23/02/2022

Debt overhang of corporates could create a drag on economic recovery of jurisdictions and pose risks to financial stability, the FSB says.