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Market Abuse
HK Court Orders Founder to Buy Shares from Wronged Investors
07/10/2022
The order is the first made to require a listed company executive to buy shares held by other investors “at a price to be determined by the court”.
Credit Risk
Korea Launches New Debt Adjustment Programme
07/10/2022
The programme will cater to pandemic-hit micro-enterprises and self-employed business owners. A mortgage loan conversion programme has also been expanded.
Trading & Investment
China Offers Tax Breaks to Private Pension Participants
07/10/2022
The move is expected to incentivise more FIs to participate in the private pension scheme and improve their products and services to gain market share.
Fraud, Scams & Cybercrime
Hong Kong Police Launch New Anti-Fraud Search Engine
06/10/2022
Dubbed ‘Scameter’, the search engine allows members of the public to check information such as bank account numbers and email addresses for previous links to scams.
PEPs & Sanctions
European Council Adopts Eighth Russia Sanctions Package
06/10/2022
The package completely bans the provision of crypto wallets, accounts, or custody services to Russian nationals and entities, among other measures.
Cryptocurrency
Russia Seeks to Legalise Crypto Mining in Some Regions
06/10/2022
The bill may be rejected by Russia’s parliament, because it does not specify tax procedures or requirements for data centres and mining operators.
Capital Adequacy
BCBS Calls for Greater Use of CCyB by National Authorities
06/10/2022
Authorities should adopt a positive CCyB rate in normal times. A report evaluating the impact and effectiveness of implemented Basel reforms has also been released.
Capital Adequacy
HKMA to Defer Implementation of Basel III Reforms
06/10/2022
Standards associated with credit risk, operational risk, the output floor, and the leverage ratio will implemented no earlier than 1 January 2024.
CBDCs
SWIFT Publishes Results of CBDC, Tokenised Asset Experiments
06/10/2022
The experiments show SWIFT can enable central banks to connect their CBDC networks to all other payment systems in the world through a single gateway.
DeFi & Web3
CFTC Allowed to Serve Complaint to DAO Through Website
05/10/2022
The CFTC intends to hold any voting member of the Ooki DAO individually liable for violations of the Commodity Exchange Act and CFTC regulations.
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