Fintech / Regtech

SET, Bloomberg Launches Initiative to Boost Capital Markets Talent

18/08/2022

The initiative will allow finance students from eight universities to gain experience in financial markets trading using Bloomberg data and tools.

AML / KYC

Philippine AMLC Tightens Requirements on DNFBPs

18/08/2022

Updated AML/CFT guidelines require DNFBPs to submit proof that their proprietors, partners, directors and principal officers have attended an AML seminar.

Capital / Liquidity

China to Pilot Initiative to Speed Up NPL Disposals

18/08/2022

Authorities will initially consider selecting six provinces to pilot an initiative to speed up the disposal of bad loans from small- and medium-sized banks.

Enforcement

Korea FSS Probes Korea Investment & Securities Over System Outage

18/08/2022

The system outage occurred due to an electrical short circuit at Korea Investment & Securities’ main data processing computer centre.

Crypto / Digital Assets

Crypto Firm Hodlnaut Applies for Judicial Management in Singapore

18/08/2022

The alternative of forced liquidation would be a “suboptimal solution” that would require Hodlnaut to sell users’ cryptocurrencies at “depressed asset prices”.

Securities / Derivatives

Fund Managers Relocating Staff Away from Hong Kong: HKIFA

18/08/2022

A survey of 36 fund managers found that almost 70 percent are finding it difficult to hire non-local and non-mainland staff to work in Hong Kong due to Covid restrictions.

Sanctions

LME Bans Russian Nickel From UK Warehouse Facilities

18/08/2022

Higher duties on Russian metals imposed as part of a sanctions package have now been extended to nickel.

Crypto / Digital Assets

ASIC Concerned by Extent of Retail Investors Exposed to Crypto

18/08/2022

ASIC chair Joe Longo says better investor protections are needed after a survey of retail investors founr 44 percent were holding cryptocurrency.

Market Infrastructure

FCA Calls on Issuers to Transition Remaining LIBOR Bonds

18/08/2022

Issuers of remaining GBP, JPY and USD LIBOR-linked bonds should initiate consent solicitation processes, and not rely on synthetic rates.