Enforcement

China Merchants Securities Probe Prompts 23 IPO Halts

31/08/2022

China Merchants Securities is under investigation for violations in 2014, prompting suspensions of 23 IPOs it is sponsoring.

Market Infrastructure

IBA Consults on Cessation of USD LIBOR ICE Swap Rate

31/08/2022

USD SOFR ICE Swap Rate settings are available for the same tenors for use as a benchmark in financial contracts and instruments.

Crypto / Digital Assets

CME Group Launches Bitcoin, Ether Futures in Euro

31/08/2022

CME says the new contracts will provide institutional investors precise tools to trade and hedge their crypto exposures.

Bangladesh NBFIs to Require Approval for All Director Appointments

31/08/2022

The move is aimed at strengthening corporate governance, following a string of frauds and loan scandals in the NBFI sector.

Securities / Derivatives

SEBI Enhances Disclosure Rules for Credit Rating Agencies

31/08/2022

The changes will enhance the transparency and usability of disclosures made by CRAs, SEBI said.

Korea Prepares ‘New Start Fund’ to Ease SME Debt Burden

31/08/2022

Individually owned enterprises or small merchants hit by Covid will be able to apply for debt adjustment starting in October.

ESG / Sustainability

More Sustainability Roles Emerging in Finance, Accountancy Sectors

31/08/2022

A study published by ISCA, EY, SMU and SAC identifies three trends in sustainability that will expand the current job roles and skills required for accountancy and finance professionals.

Big Picture

BIS Examines Adequacy of Operational Resilience Requirements

31/08/2022

Bigtech groups that are interconnected within the financial industry should be subject to group-wide requirements on operational resilience.

Korea Unveils Measures to Address Revolving Credit Concerns

31/08/2022

Credit card revolving services charge high interest rates, lead to poor credit scores for consumers, and raise the risk of delinquency.