Market Data & Technology

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.

Anti-Money Laundering

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.

Credit Risk

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.

Operational Risk

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.

Cryptocurrency

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”.

Conduct, Culture & Accountability

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.

PEPs & 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.

Cryptocurrency

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.

Trading & Investment

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.