Cryptocurrency

US Regulators Probe Failed Crypto Firm Three Arrows Capital

19/10/2022

The SEC and CFTC are reportedly looking into whether Three Arrows misled investors and violated rules by not registering its business.

Trading & Investment

South Korea Scraps Foreigner Tax on Government Bond Income

19/10/2022

The government was planning to waive the tax for non-residents and foreign corporations in January but decided to bring the measure forward.

Structural Regulation

CBIRC Approves BNP-AgBank Wealth Management JV

19/10/2022

BNP’s asset management arm will own 51 percent stake in the venture while Agricultural Bank of China’s wealth management unit owns the rest.

Cloud & Infrastructure

Kakao Under Probe Over Unprecedented Service Disruption

19/10/2022

A fire occurred at a data centre where Kakao operates 32,000 servers that support the vast majority of its mobile services.

Structural Regulation

CSRC Mulls Measures to Increase Stock Trading by Foreign Firms

18/10/2022

The CSRC is considering relaxing a rule that currently prevents foreign institutions from engaging in short-term trading activity in onshore markets.

Credit Risk

RBI Tightens Rules on Disclosing NPA, Provisioning Divergences

18/10/2022

Norms that apply to commercial banks on disclosing NPA and provisioning divergences are being tightened, and extended to UCBs.

Trading & Investment

Malaysia is Liberalising Funds Industry, Says SC Chairman

18/10/2022

The SC is allowing retail funds to have exposure to digital assets and other alternative assets. Similar plans are intended for wholesale funds.

Anti-Bribery & Corruption

HK Regulator Urges Insurers to Cooperate with ICAC Investigations

18/10/2022

The Insurance Authority asks insurance CEOs to promptly respond to requests to produce evidence for corruption investigations.

Anti-Money Laundering

IMF Publishes Guide to Beneficial Ownership Transparency

18/10/2022

Despite guidance issued by the FATF over the years, effective implementation of beneficial ownership requirements is still a challenge for many countries, says the IMF’s Bo Li.