Securities / Derivatives

ASX Proposes New Fee Model for Issuer Services

10/03/2022

The new fee model is intended to be simpler and provide greater certainty to issuers about ASX charges for issuer services.

Sanctions

China Widens Trading Band for Yuan-Ruble Currency Pair

10/03/2022

The existing 5 percent trading band around a daily midpoint set by the PBOC is making it difficult to price the exchange rate amid heightened ruble volatility.

Big Picture

Standard-setters Assess Adequacy of CCP Resolution Tools

10/03/2022

New report analyses default and non-default loss scenarios potentially extreme enough to require the use of CCP recovery and resolution tools.

AML / KYC

Singapore Court Imposes 9 Year Jail Sentence for IRAS Fraud

10/03/2022

230 companies, mostly dormant and shell companies, were used to submit 400 fraudulent applications claiming tax breaks.

AML / KYC

Philippine AMLC Extends Deadline for DNFBP AML Programmes

10/03/2022

The deadline for DNFBPs to formulate a money laundering and terrorism financing prevention programme has been extended to June.

AML / KYC

US President Calls for Comprehensive Approach to Digital Assets

10/03/2022

The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.

Enforcement

FINRA Fines Deutsche Bank Securities for Best Execution Failures

10/03/2022

The firm routed customer orders to its own ATS before routing any part of the order to an exchange of the customer’s preference, FINRA said.

Philippines Passes Law to Ease Foreign Investment Restrictions

09/03/2022

Qualified foreigners can fully own domestic enterprises including SMEs without prior approval, as long as they hire local workers.

Securities / Derivatives

Nickel Short Squeeze Prompts Scrutiny from Chinese Regulators

09/03/2022

State-owned entities are being asked to provide data on their exposures energy and commodity-linked derivatives contracts.