Clearing & Post-Trade

Euroclear to Link Global Investors to Korea Treasury Bonds

05/12/2022

Euroclear Bank and Korea Securities Depository will collaborate to provide international investors post trade access to Korea treasury bonds and monetary stabilisation bonds.

Structural Regulation

FSC Korea Outlines Plans to Require English Disclosures

05/12/2022

Listed companies with KRW 10 trillion in assets will have to issue English disclosures from 2024. Those with KRW 2 trillion in assets will follow suit from 2026.

Liquidity Risk

China Banks Told to Provide Offshore Loans to Developers

05/12/2022

The banks are asked to provide offshore loans to developers so they can repay their offshore loans and dollar bonds.

PEPs & Sanctions

US Court Dismisses Remaining Charges Against Huawei CFO

05/12/2022

The charges against Meng Wanzhou were dismissed as part of her September 2021 deferred prosecution agreement.

Trading & Investment

Malaysia Extends Night Trading Session by Three Hours

05/12/2022

The After-Hours Trading session will end at 2.30am instead of 11.30pm for selected derivatives contracts, Bursa Malaysia Derivatives said.

CBDCs

Bank Indonesia Outlines Plans to Commence CBDC Testing

05/12/2022

The first two phases will focus on experimentation with a wholesale CBDC. The third and final stage will involve end-to-end integration with a retail CBDC.

Sustainable Finance

Florida to Divest $2bn from BlackRock Over ESG Objections

05/12/2022

Florida CFO Jimmy Patronis describes BlackRock’s ESG strategy as a “social-engineering project” that has “nothing to do with maximizing returns”.

Payments & Settlements

UK Regulator Fines Barclays Over Non Transparent Card Fees

04/12/2022

Barclays was fined by the PSR for failing to give retailers full information about the costs of its card services for three years.

Cryptocurrency

FTX Japan to Allow Withdrawals Starting in January

04/12/2022

Under Japanese law, crypto businesses are required to keep users’ assets segregated, shielding FTX Japan from the bankruptcy proceedings in the US.