Securities / Derivatives

Bursa Malaysia Announces Launch of Shariah Discretionary Trading

09/07/2022

Discretionary trading based on Shariah principles is now permitted at Bursa Malaysia. Malacca Securities is the first to offer the service.

Bangladesh Imposes 100pc Margin Requirement on Luxury Imports

09/07/2022

Banks may not lend importers funds to meet the 100 percent LC margin requirement, which applies to a broad range of luxury imports.

Enforcement

FSC Korea Penalises Shinhan Bank for Lime Fund Mis-selling

08/07/2022

Shinhan Bank is being suspended for three months from selling new private equity fund products and fined KRW 5.7 billion.

Crypto / Digital Assets

Crypto Firm Voyager Digital Files for Bankruptcy, FDIC Opens Probes

08/07/2022

Voyager previously used wording on a company web page implying that deposit protection could apply in the event of the company’s own failure.

Capital / Liquidity

HKMA Consults on Implementation of Basel III Reforms

08/07/2022

The proposed amendments relate to the implementation of Basel III final reform package, specifically in relation to credit risk and the output floor.

Market Infrastructure

FSB Advances Work on G20 Cross-border Payments Roadmap

08/07/2022

The FSB has proposed KPIs and data sources for monitoring progress toward quantitative global targets for addressing the challenges faced by cross-border payments.

Capital / Liquidity

BCBS Issues Guidance for Supervisors on Proportionality

08/07/2022

Proportionate approaches provide regulatory certainty without being overly static, which can create favourable operating environments for both banks and supervisors.

Securities / Derivatives

Alder to Leave SFC to Take Up Role as FCA Chair

08/07/2022

Ashley Alder became the SFC’s CEO in October 2011. His new appointment as chair of the UK FCA will start in January 2023.

Crypto / Digital Assets

IOSCO Outlines Planned Work to Address Crypto Market Risks

07/07/2022

The roadmap will initially focus IOSCO’s Fintech Taskforce on work to analyse and respond to market integrity and investor protection concerns.