Cryptocurrency

New Crypto Advertising Rules Take Effect in Thailand

04/09/2022

Crypto firms with advertising already on display have 30 days to amend their advertisements to achieve compliance with the new rules.

PEPs & Sanctions

Russia Bond CDS Auction to Be Held on 12 September

04/09/2022

The amounts holders of CDS on Russian debt are likely to receive has reportedly dropped by about a third since early June.

Fraud, Scams & Cybercrime

German Prosecutors Raid JP Morgan as Part of Cum-Ex Probe

04/09/2022

Around 1,500 people are currently under investigation across 50 international and domestic financial institutions and brokers.

Alternative Markets

Shenzhen, Hong Kong to Establish Qianhai FTZ as VC Hub

04/09/2022

VC firms, sovereign wealth funds, and PE funds that set up in the Qianhai free-trade zone will be given cash grants, rental subsidies, and other rewards.

Structural Regulation

International Court Orders Korea to Pay Damages Over 2012 KEB Sale

04/09/2022

US PE firm Lone Star Funds initially planned to sell its stake in KEB for $6.3bn in 2008. Following approval delays, the stake was eventually sold in 2012 for just $2.9bn.

Fraud, Scams & Cybercrime

FBI Calls on DeFi Platforms to Bolster Safeguards Against Theft

04/09/2022

DeFi platforms are asked to institute real time analytics, monitoring, rigorous code testing, and incident response plans.

Market Abuse

Thai SEC Files Suit Against Company Chairman Fake Vaccine Deal

03/09/2022

The chairman disseminated false statements to various media outlets last year saying his company had signed a contract to import Phizer’s Covid-19 vaccines.

Clearing & Post-Trade

ASX Amends Loss Allocation Rules for USD Clearing Defaults

03/09/2022

ASX has revised its approach to allocating losses that could arise from the default of USD settlement bank.

Trading & Investment

China Opens More Derivatives Products to Foreign Investors

03/09/2022

CFFEX, ZCE, SHFE, INE and DCE opened more futures and options products to foreign investors. New derivatives products are also being developed.