Securities / Derivatives

Bursa Malaysia to Develop New Debt Fundraising Platform

26/12/2022

The platform will allow investment in small to mid-sized companies through investment notes with credit and ESG ratings.

Sanctions

EU Facing Legal Challenge Over Anti-Russia Sanctions

26/12/2022

One company and 61 individuals are seeking to challenge what they view as a violation of their rights, and the freezing of their assets by EU authorities.

Securities / Derivatives

Guangzhou Futures Exchange Launches Silicon Derivatives

23/12/2022

GFEX is the world’s first exchange to trade silicon derivatives. This is also the exchange’s first product launch.

Australia Reverses Restrictions on Litigation Funders

23/12/2022

Litigation funding arrangements are once again exempt from the managed investment scheme and AFS licensing regimes in the Corporations Act.

WTO Rules Against US in Hong Kong Labelling Dispute

23/12/2022

A WTO panel found that the US violated an obligation towards Hong Kong by giving it less favourable treatment than other WTO members.

Enforcement

Korea FSS Directs Shinhan, Woori to Improve Controls

23/12/2022

The FSS told Shinhan Bank to strengthen its fraud detection system and Woori Bank to improve its post-sale management of fund products.

Capital / Liquidity

BaFin Imposes Capital Charge on StanChart’s German Unit

23/12/2022

The regulator said the bank’s internal organisation did not meet legal requirements, without disclosing further details.

Fintech / Regtech

BNM Finalises New Rules for Payment System Operators

22/12/2022

The policy document primarily sets out regulatory requirements covering governance and risk management, in alignment with the PFMI.

AML / KYC

Co-Founder of OneCoin Pleads Guilty to Fraud

22/12/2022

Karl Sebastian Greenwood faces a maximum of 60 years in person. Co-conspirator Ruja Ignatova is on the FBI’s most wanted list.