Securities / Derivatives

Korea Planning Reforms to Address Foreign Investor Concerns

22/09/2022

Foreign investors have complained about the current dividend policy, registration requirements, and a lack of corporate filings in English.

Enforcement

New York AG Files Fraud Charges Against Trump & Family

22/09/2022

The lawsuit says Trump falsified his net worth to obtain more favourable loan terms, cheaper insurance coverage, and tax benefits.

Market Infrastructure

HKMA Signals Coming Enhancements to Wealth Connect Scheme

22/09/2022

Enhancements could include measures to improve sales arrangements, expand the product scope, and allow more financial institutions to participate.

Fintech / Regtech

Banks, Tech Firms Propose Payments Pilot Using EU Digital IDs

22/09/2022

European banks and tech firms will show how payments and EU digital ID wallets can be combined across borders and in multiple currencies.

Market Infrastructure

Refinitiv Commences Publication of USD IBOR Cash Fallbacks

22/09/2022

USD IBOR Cash Fallbacks will be used to transition loans, bonds and securitised products that reference LIBOR and will mature after 30 June 2023.

Enforcement

China: Another Senior Executive Probed for Chip Fund Fraud

22/09/2022

Another senior investment manager of Sino IC Capital is being probed for fraud involving China’s biggest investment fund for the chip sector.

Crypto / Digital Assets

SBI Obtains Singapore Licence to Offer Digital Asset Services

22/09/2022

SBI Digital Markets will advise on corporate finance, deal in capital markets products, and provide custodial services.

Capital / Liquidity

Australia: Bond Losses Wipe Out Central Bank’s Equity

22/09/2022

An accounting loss of A$36.7bn depleted the RBA’s reserve funds and left it with a negative net equity position of A$12.4bn.

Enforcement

Australia Court Orders Retrial of Banned Mayfair 101 Director

21/09/2022

ASIC put a “legally incorrect case” and the primary judge made orders “based on a legally correct case not put”, the court said.