HK to Guarantee Loans to Travel, Transport Industries

27/04/2023

New scheme will provide guarantees on loans to cross-boundary passenger transport operators and licensed travel agents.

Enforcement

Terra Co-Founder Daniel Shin Indicted in Korea

27/04/2023

Daniel Shin and nine others were indicted for their roles in the collapse of the Terra stablecoin which caused significant losses for investors.

Enforcement

Singapore Trader Sentenced to Jail, Fine for SFA Breach

27/04/2023

The trader would sell the securities to his relatives before buying them back at higher prices using his employer’s accounts.

Capital / Liquidity

South Korea to Participate in Global Bank Stress Test

27/04/2023

South Korea is not required to join the test as none of its banks are classified as G-SIBs, but it is nonetheless joining in order to better monitor global contagion risks.

Enforcement

SFC Bans Another Ex-Convoy Licensee Over Manipulation Scheme

26/04/2023

Peter Law convinced clients to buy and hold a stock that was being manipulated by collaborators in exchange for a commission.

Enforcement

CFTC Fines Mizuho Capital Markets for Swaps Conduct Failures

26/04/2023

Mizuho Capital Markets engaged in anticipatory hedges of deal-contingent FX forwards without appropriate disclosure to customers.

Securities / Derivatives

APRA Warns of Super Fund Underperformance in Choice Segment

26/04/2023

APRA’s supervision of poorly performing Choice products will intensify, and that trustees can expect “even greater scrutiny” of their product offering.

Crypto / Digital Assets

US Lawmakers Propose Another Draft Bill for Stablecoins

26/04/2023

New bill provides a narrower focus overall and gives state regulators more power to charter stablecoin issuers.

Capital / Liquidity

PBOC Urges Banks to Lower Deposit Interest Rates

26/04/2023

The guidance is aimed at directing savings into consumption and productive investments. PBOC official said deposit rate adjustments are a normal market phenomenon.