Securities / Derivatives

Euroclear to Link Global Investors to Korea Treasury Bonds

05/12/2022

Euroclear Bank and Korea Securities Depository will collaborate to provide international investors post trade access to Korea treasury bonds and monetary stabilisation bonds.

Securities / Derivatives

FSC Korea Outlines Plans to Require English Disclosures

05/12/2022

Listed companies with KRW 10 trillion in assets will have to issue English disclosures from 2024. Those with KRW 2 trillion in assets will follow suit from 2026.

Capital / Liquidity

China Banks Told to Provide Offshore Loans to Developers

05/12/2022

The banks are asked to provide offshore loans to developers so they can repay their offshore loans and dollar bonds.

AML / KYC

US Court Dismisses Remaining Charges Against Huawei CFO

05/12/2022

The charges against Meng Wanzhou were dismissed as part of her September 2021 deferred prosecution agreement.

Securities / Derivatives

Malaysia Extends Night Trading Session by Three Hours

05/12/2022

The After-Hours Trading session will end at 2.30am instead of 11.30pm for selected derivatives contracts, Bursa Malaysia Derivatives said.

Crypto / Digital Assets

Bank Indonesia Outlines Plans to Commence CBDC Testing

05/12/2022

The first two phases will focus on experimentation with a wholesale CBDC. The third and final stage will involve end-to-end integration with a retail CBDC.

ESG / Sustainability

Florida to Divest $2bn from BlackRock Over ESG Objections

05/12/2022

Florida CFO Jimmy Patronis describes BlackRock’s ESG strategy as a “social-engineering project” that has “nothing to do with maximizing returns”.

Enforcement

UK Regulator Fines Barclays Over Non Transparent Card Fees

04/12/2022

Barclays was fined by the PSR for failing to give retailers full information about the costs of its card services for three years.

Crypto / Digital Assets

FTX Japan to Allow Withdrawals Starting in January

04/12/2022

Under Japanese law, crypto businesses are required to keep users’ assets segregated, shielding FTX Japan from the bankruptcy proceedings in the US.