Hong Kong Targets Removal of Hotel Quarantine Requirement

05/09/2022

Chief Executive John Lee is leaning towards scrapping hotel quarantine before a November summit of global bankers and the Hong Kong Rugby Sevens tournament.

Crypto / Digital Assets

New Crypto Advertising Rules Take Effect in Thailand

04/09/2022

Crypto firms with advertising already on display have 30 days to amend their advertisements to achieve compliance with the new rules.

Securities / Derivatives

Russia Bond CDS Auction to Be Held on 12 September

04/09/2022

The amounts holders of CDS on Russian debt are likely to receive has reportedly dropped by about a third since early June.

AML / KYC

German Prosecutors Raid JP Morgan as Part of Cum-Ex Probe

04/09/2022

Around 1,500 people are currently under investigation across 50 international and domestic financial institutions and brokers.

Market Infrastructure

Shenzhen, Hong Kong to Establish Qianhai FTZ as VC Hub

04/09/2022

VC firms, sovereign wealth funds, and PE funds that set up in the Qianhai free-trade zone will be given cash grants, rental subsidies, and other rewards.

International Court Orders Korea to Pay Damages Over 2012 KEB Sale

04/09/2022

US PE firm Lone Star Funds initially planned to sell its stake in KEB for $6.3bn in 2008. Following approval delays, the stake was eventually sold in 2012 for just $2.9bn.

Crypto / Digital Assets

FBI Calls on DeFi Platforms to Bolster Safeguards Against Theft

04/09/2022

DeFi platforms are asked to institute real time analytics, monitoring, rigorous code testing, and incident response plans.

Enforcement

Thai SEC Files Suit Against Company Chairman Fake Vaccine Deal

03/09/2022

The chairman disseminated false statements to various media outlets last year saying his company had signed a contract to import Phizer’s Covid-19 vaccines.

Market Infrastructure

ASX Amends Loss Allocation Rules for USD Clearing Defaults

03/09/2022

ASX has revised its approach to allocating losses that could arise from the default of USD settlement bank.