Liquidity Risk

Bangladesh Seeks IMF Loan, Takes Measures to Boost FX Inflows

03/08/2022

Bangladesh has sufficient FX reserves for over five months of imports, providing some cushion. It has also taken measures to address its falling FX reserves.

Conduct, Culture & Accountability

Taiwan FSC Tightens Rules for Senior Securities, Futures Personnel

03/08/2022

The rules are aimed at preventing directors from taking on positions at other firms that could affect their performance or create conflicts of interest.

Trading & Investment

Moscow Exchange Commences Trading in First Yuan Bonds

03/08/2022

Yuan-denominated bonds will open up an additional source of FX liquidity for Russian borrowers, who have been cut off from the dollar, euro and other foreign currencies.

PEPs & Sanctions

US Imposes New Round of Sanctions Against Russia

03/08/2022

The sanctions target Kremlin-connected elites, including retired Olympic gymnast Alina Kabaeva, who is understood to be Putin’s girlfriend.

Clearing & Post-Trade

Guidance Issued for US Transition to T+1 Securities Settlement

02/08/2022

DTCC, SIFMA  and ICI have published guidance to help market participants prepare for the US transition to a T+1 securities settlement cycle in 2024.

Supervision & Enforcement

Banks Preparing to Pay Fines for Use of Messaging Apps

02/08/2022

US regulators are expected to announce penalties in the coming weeks over the use of unauthorised messaging apps for business communications.

ESG Data

Data with Destiny: Bridging Asia’s ESG Information Gap

02/08/2022

While there has been a surge of data disclosure in Asia, the lack of a unified set of rules across the region opens the door for inconsistencies.

Fraud, Scams & Cybercrime

Korea FSS Completes Woori Bank Embezzlement Inspection

02/08/2022

The inspection found that the amount embezzled was more than originally reported, and the Woori had insufficient internal controls in place.

Payments & Settlements

CPMI Explores Options, New Solutions to Increase PvP Adoption

02/08/2022

CPMI received “numerous promising proposals” for new solutions that may be capable of processing FX transactions that currently settle on a non-PvP basis.