Securities / Derivatives

Korea to Limit Cross-shareholdings by Insurers in Affiliates

30/11/2022

Proposed bill targets Samsung Life Insurance, which controls a significant portion of the issued shares in Samsung Electronics.

Crypto / Digital Assets

Lawmakers Propose Bill to Prevent FTX-Style Collapse in Korea

30/11/2022

The bill, if passed, will require crypto exchanges to segregate users’ assets, buy insurance against hacking, and compensate users for unexpected withdrawal halts.

Capital / Liquidity

PBOC Calls on Chinese D-SIBs to Improve TLAC

30/11/2022

The G-SIBs are encouraged to improve their TLAC internal planning and management mechanisms and issue TLAC non-capital bonds in offshore markets.

Fintech / Regtech

Experian Appointed Bureau Operator for Singapore BNPL Industry

30/11/2022

Experian will facilitate creditworthiness checks for consumers using credit information submitted by all accredited BNPL players in Singapore.

AML / KYC

FATF Re-rates China on Two More Recommendations

30/11/2022

China was re-rated for progress made in the implementation of PF-related targeted financial sanctions and on beneficial ownership transparency.

Market Infrastructure

CPMI, IOSCO Identify Cyber Resilience Weaknesses at Some FMIs

30/11/2022

Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.

APRA Publishes ‘One-stop Shop’ Guidance for Directors of ADIs

30/11/2022

The guide brings together all of the standards and PPGs needed to help directors navigate requirements that are specific to them, APRA said.

Securities / Derivatives

KRX Launches New Market Segment for Blue Chip Stocks

30/11/2022

The KOSDAQ Global segment comprises 51 companies with a combined market cap of about KRW 78 trillion, which represents 23 percent of the KOSDAQ market.

Capital / Liquidity

BCBS Warns of Risks from Bank Exposures to Leveraged NBFIs

30/11/2022

Bank exposures to NBFIs, particularly highly leveraged firms, could lead to excessive risk concentration and potential liquidity issues.