Securities / Derivatives

International Court Reduces Compensation Korea Has to Pay Loan Star

09/05/2023

The Korean government would still have to pay $216mn to US private equity firm Lone Star, despite the reduction.

Crypto / Digital Assets

MAS Proposes Amendments to Payment Services Regulations

09/05/2023

The consultation covers amendments to Payment Services Regulations and existing notices to include newly scoped-in payment services like DPT services.

Crypto / Digital Assets

BNP Paribas to Start Providing e-CNY Services in China

09/05/2023

BNP Paribas will partner with Bank of China to launch an e-CNY services for corporate clients and explore the CBDC’s use in supply chain finance and other areas.

Capital / Liquidity

G7 Ministers to Discuss Measures to Prevent Bank Runs

09/05/2023

The G7 ministers intend to outline plans to prevent the kind of bank runs that led to the collapse of Silicon Valley Bank.

Enforcement

Chinese Police Arrest Billionaire Tycoon for Illegal Fundraising

09/05/2023

Police arrested the owner of commodities giant Cedar Holdings, which raised almost $3bn from investors which it has been unable to repay.

AML / KYC

HK Police Launch Advisory Panel to Help Combat Cybercrime

09/05/2023

The panel members will share recent technological developments, information on potential threats, and practical advice on police technologies.

AML / KYC

Singapore Passes Bill to Enable Data Sharing via COSMIC

09/05/2023

COSMIC will be rolled out in phases starting from H2 2024, enabling banks to alert one another about illicit activity involving their customers.

Market Infrastructure

Philippine SEC Issues Guidelines on Financial Instrument Identifiers

09/05/2023

The SEC issued guidelines on the allocation of ISIN, CFI and FISN codes to financial instruments in the Philippines.

Enforcement

US Authorities Investigating Short Sales of Banking Stocks

09/05/2023

SEC chair Gary Gensler said the agency would go after any form of misconduct that might threaten investors or markets.