Securities / Derivatives

SEBI Extends Trading Suspension in Seven Agri-Derivatives

21/12/2022

The December 2021 suspension was due to expire on 20 December 2022. The extension is for one more year.

Enforcement

Singapore Jails Man for Spoofing, False Telegram Statements

20/12/2022

Kenneth Goh pleaded guilty to creating a false appearance in the market 325 times, deceiving two brokers, and making false statements in Telegram chat groups.

Market Infrastructure

CSRC Sets 26 December Launch Date for DvP Reforms

20/12/2022

From 26 December, DvP settlement will be enabled for proprietary and custody business involving institutional investors.

Capital / Liquidity

US Regulators Identify Flaws in Resolution Plans of Two Major Banks

20/12/2022

Credit Suisse’s resolution plan had two deficiencies relating to its cash flow forecasting capabilities and governance for its US operations. BNP Paribas had one shortcoming.

Crypto / Digital Assets

Indonesian Lawmakers Pass Major Financial Sector Reforms

20/12/2022

The legislation changes the central bank’s mandate, shifts crypto sector oversight to OJK, makes a digital rupiah legal tender, and introduces a carbon trading framework.

Crypto / Digital Assets

CGS-CIMB Becomes First Brokerage to Establish Link to ADDX

20/12/2022

CGS-CIMB is providing accredited investor clients access to tokenised and fractionalised private market securities via ADDX.

Capital / Liquidity

MAS to Defer Implementation of Final Basel III Reforms

20/12/2022

MAS said it will defer the implementation of the final Basel III reforms in Singapore, to between 1 January 2024 and 1 January 2025.

Market Infrastructure

Shenzhen Exchange to Pilot Cross-Border Bonds to Serve GBA

20/12/2022

Issuers can be Chinese government entities or high-quality corporates. The SZSE is temporarily not charging any fees for cross-border bond listing services.

AML / KYC

IDAXA to Develop Global AML Standards for Crypto Industry

20/12/2022

IDAXA has launched a new working group, chaired by former policymaker Andrew Churchill, to propose globally harmonised AML/CFT standards for virtual asset service providers and regulators.