Market Abuse

Hong Kong Charges 13 in Suspects Over Ramp-and-Dump Scheme

03/10/2022

The suspects allegedly used different social media platforms to manipulate the trading in the shares of two Hong Kong-listed companies.

Credit Risk

South Korea Extends Loan Forbearance Programme for Businesses

03/10/2022

The extension takes effect from 4 October, the same day applications for the New Start Fund open for small merchants and the self-employed.

Conduct, Culture & Accountability

Australian Court Dismisses ASIC Lawsuit Against CBA

03/10/2022

The Federal Court ruled that ASIC failed to establish that CBA received conflicted remuneration when distributing Colonial First State’s superannuation product.

Anti-Money Laundering

FINRA Issues New Penalties Guidance for Rule Violations

03/10/2022

Large firms face penalties with no upper limit if they fail to reasonably monitor for and report suspicious transactions.

Trading & Investment

Hong Kong to Launch Dual Counter Trading in H1 2023

03/10/2022

A market-maker system will be established to facilitate yuan-denominated stock trading. Stamp duty will be waived for market makers providing liquidity for yuan shares.

Trading & Investment

India Allows FPIs to Trade Commodity Derivatives Market

03/10/2022

Since 2018, FPIs been allowed to trade exchange-traded commodity derivatives but only to hedge actual underlying exposures to physical commodities.

Capital Adequacy

Large Global Banks See Highest Capital Ratios Since 2012: BCBS

03/10/2022

A special feature in the latest Basel III monitoring report reveals that crypto exposures are small, around 0.14% of total exposures on a weighted average basis.

Trading & Investment

Taiwan Tightens Short Selling Rules to Stabilise Market

03/10/2022

The measures tighten limits on the volume of intraday securities lending orders, and raised the margin requirements on securities lending.

Credit Risk

Singapore Tightens Mortgage Rules to Ensure Prudent Borrowing

03/10/2022

Lenders will have to assume higher interest rates when assessing borrowers’ repayment ability. The LTV limit for HDB housing loans has been lowered.