Enforcement

FSC Korea Refers First Finfluencer Cases for Prosecution

09/12/2024

The FSC said the finfluencers pre-purchased stocks and then recommended and sold those stocks to their subscribers to make unfair profits.

Market Infrastructure

SEBI Proposes to Introduce Closing Auction Session for Indian Stocks

09/12/2024

SEBI proposes to replace the VWAP mechanism with a 15-minute CAS session to determine the closing prices of stocks.

Capital / Liquidity

APRA Proposes Updates to Reporting Standard for Capital Adequacy

08/12/2024

The amendments to ARS 110 account for APRA’s new rules for banks on liquidity management and IRRBB reporting.

Securities / Derivatives

SEBI to Require Central Storage of IPO Due Diligence Documents

08/12/2024

SEBI said the stock exchanges have set up a platform which merchant banks must use to store their IPO due diligence documents.

Capital / Liquidity

Hong Kong Gazettes Basel III Related Codes of Practice

08/12/2024

One new and two amended codes of practice were gazetted and HKMA issued a revised version of its banking disclosure guidelines.

Capital / Liquidity

RBI Announces Cut to Cash Reserve Ratio for Banks

08/12/2024

The CRR cut is expected to release $13.7bn in financial system liquidity, enabling banks to extend more loans to spur economic growth.

Enforcement

SEBI Disposes of Proceedings Against Brickwork Ratings

07/12/2024

The settlement order requires Brickwork Ratings to pay a penalty. SEBI had previously cancelled the CRA’s licence but its order was overturned on appeal.

Sanctions

DBS Expands Team Handling Russian Wealth Assets – Report

07/12/2024

DBS said every client is treated on his or her own merits and that the bank does not deal with sanctioned individuals.

Sanctions

China Lifts Remaining Restrictions on Australian Red Meat Imports

06/12/2024

Over the last two years, China has been lifting restrictions on Australian export commodities that started in 2020 amid rising tensions between the two countries.