Crypto / Digital Assets

Thai SEC Proposes to Tighten Rules for ICO Portals

28/06/2022

ICO portals cannot provide services for digital token offerings if there is a conflict of interest, such as in situations where they hold shares in the issuer.

Australia Gets New Life Insurance Code of Practice

28/06/2022

The new Life Code takes effect on 1 July 2023, providing the industry with twelve months to transition and make the necessary systems changes.

Securities / Derivatives

Malaysia Unveils Strategic Roadmap to Develop Labuan IBFC

28/06/2022

The roadmap includes plans to develop regulatory requirements for digital assets, the tokenisation of non-securities, and dealings on digital exchange platforms.

Market Infrastructure

BIS Warns Central Banks of Inflation Threat

28/06/2022

The BIS warns that the dangers of stagflation “loom large” due to lingering disruptions from the pandemic, the war in Ukraine, and soaring commodity prices.

Capital / Liquidity

US Banks Pass Severe Recession Scenario of Fed Stress Test

28/06/2022

JPMorgan, BofA and Citi said their CET1 capital ratios relative to risk-weighted assets would rise by about one full percentage point starting October.

G7 Announces Initiative to Counter Belt and Road Initiative

28/06/2022

The US plans to contribute USD 200 billion to the new initiative, while the rest of the G7 will contribute another USD 400 billion.

Crypto / Digital Assets

Shenzhen Authorities Issue Warning Against Crypto Speculation

28/06/2022

Domestic staff of overseas crypto exchanges and others engaging in crypto-related business will be investigated.

AML / KYC

Sanctions Force Russian Sovereign Debt Default

28/06/2022

Russia made USD 100 million in payments due on 27 May to Euroclear, but the funds were not delivered to investors due to sanctions.

Enforcement

SFC Fines CES Capital for Fund Management Failures

28/06/2022

CES Capital International failed to perform sufficient due diligence and monitoring of the underlying investments of two funds.