Securities / Derivatives

Boards Should Take Requisitions Seriously: SGX RegCo

27/04/2023

While requisitions may be unwelcome, boards should consider their merits and engage with the requisitionists to find common ground.

AML / KYC

UK Convicts Cash Couriers for Laundering Over $130m

27/04/2023

The couriers smuggled money from the UK to Dubai using vacuum-packed suitcases sprayed with coffee or air fresheners to evade detection.

Market Infrastructure

RBI Eases Restrictions on Funds Held in GIFT City by Indians

27/04/2023

The RBI removed a requirement for Indian residents to repatriate funds that lie idle for 15 days in GIFT City bank accounts. Restrictions on interest-bearing accounts also relaxed.

ESG / Sustainability

Venture Capital Firms Form New Climate Alliance

27/04/2023

A group of 23 firms has formed an alliance to develop best practices and tools for aligning early-stage investments with net zero goals.

Market Infrastructure

CSRC Consults on Draft Rules for Hosted Facilities for Trading

27/04/2023

Securities and futures exchanges must ensure fairness and reasonableness in terms of latency, resource allocation and guarantees, and service agreements, among other areas.

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.