Credit Risk

Korean FIs Suspend Loans to Curb Rising Household Debt

26/08/2021

Brokerages and banks are starting to suspend new lending for stock and housing investments to rein in household debt.

Structural Regulation

ASIC Consults on Payment-for-order-flow Prohibition

26/08/2021

Payment-for-order-flow arrangements are already prohibited in Australia. ASIC proposes amendments to address scenarios not currently covered by the rules.

Anti-Money Laundering

APG Releases 2021 Typologies Report, Case Studies

26/08/2021

The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.

Fraud, Scams & Cybercrime

Indian Police Arrest Karvy Stock Broking Founder for Fraud

25/08/2021

The case dates back to 2019, when the brokerage was found to have pledged client securities at banks to secure loans for use as working capital.

Cryptocurrency

Japan: Crypto Firm Liquid Resumes Services Following $97m Hack

25/08/2021

Liquid has been tracing the movement of the stolen assets and working with other exchanges to freeze and recover the funds.

Trading & Investment

CME Group Launches BSBY Futures Contract

25/08/2021

The contract was introduced to offer price discovery and risk hedging for the BSBY Index. CME Group plans to introduce OTC clearing of BSBY swaps in Q4.

Trading & Investment

Shenzhen to Establish New Securities Arbitration Centre

25/08/2021

The new Shenzhen Court of International Arbitration, established with the SZSE, will handle cross-border securities and capital market disputes.

Trading & Investment

Taiwan Finance Ministry Asks State Banks to Buy Stocks

25/08/2021

The Finance Ministry reportedly called senior bank executives to suggest they buy shares to support the stock market, which fell for 9 days straight.

Fraud, Scams & Cybercrime

Singapore Police Charges Ex-UOB Banker Over Data Disclosure

25/08/2021

The ex-UOB employee accessed customer data from banking systems and disclosed the information to a scammer purporting to represent the Shanghai Police.