PEPs & Sanctions

OFAC Fines Crypto Firm Kraken for Iran Sanctions Violations

30/11/2022

Kraken was facing a maximum fine of over $272mn. The $362,000 settlement reflects OFAC’s determination the violations were “non-egregious and voluntarily self-disclosed”.

Fraud, Scams & Cybercrime

Singapore Police Launch Probe into Crypto Lender Hodlnaut

29/11/2022

The police said they received multiple reports between August and November 2022 alleging false representations by that Hodlnaut and/or its directors.

Fraud, Scams & Cybercrime

Turkish Authorities Seize FTX Assets Amid Criminal Probe

29/11/2022

Turkish investigation found that FTX failed to safely store user funds, embezzled customer funds, and manipulated market supply and demand.

Capital Adequacy

ECB to Impose Capital Charges for Leveraged Finance Risk – Report

29/11/2022

The ECB is reportedly planning to impose higher capital requirements on banks to address risk in their leveraged finance businesses.

Cryptocurrency

Crypto Lender BlockFi Follows FTX Into Bankruptcy

29/11/2022

BlockFi said its liquidity crisis was due to its exposure to FTX as well as cryptocurrencies held on FTX’s platform that became trapped.

Sustainable Finance

SGX to Help Investors Identify Bonds Meeting Sustainability Standards

29/11/2022

Issuers that meet certain recognised standards will be able to use an ‘SGX Sustainable Fixed Income’ mark to identify their securities.

Trading & Investment

HKEX Launches Options on Hang Seng TECH Index Futures

29/11/2022

The new contract and other enhancements to Hang Seng TECH Index derivatives suite will provide global investors more choice and flexibility, said HKEX’s Wilfred Yiu.

Market Risk

APRA Proposes Additional Revisions to IRRBB Standard

29/11/2022

APRA says the revisions are intended to result in a more stable IRRBB capital charge. It intends to finalise the revisions in mid-2023.

Clearing & Post-Trade

India to Move F&O Stocks to T+1 Settlement in January

29/11/2022

The initial plan was to move stocks for which futures and options are available to the new T+1 settlement cycle in two batches.