Fintech / Regtech

Thai Crypto Firms Required to Issue Transaction Reports to Clients

07/04/2022

From 1 May, crypto businesses have to submit reports to customers within one day after a transaction is complete, allowing them to view records going back 18 months.

Securities / Derivatives

ECB Refuses Energy Traders’ Request for Emergency Liquidity

07/04/2022

The European Federation of Energy Traders had asked for a fund that could provide emergency liquidity support to support the functioning of energy markets.

AML / KYC

Singapore Jails Man for Money Laundering, Email Fraud

07/04/2022

The man received funds in his and his company’s bank accounts that were derived from chearing offences perpetrated overseas and locally.

Capital / Liquidity

EU Banks Seek Easing of Proposed Rules for Third Country Banks

07/04/2022

Banks are reportedly concerned that measures proposed in October will make it harder to access international markets and cross-border services.

Securities / Derivatives

SEBI Raises Limit for Equity Investments via UPI Mechanism

07/04/2022

The limit for individual investors applying in public issues of equity shares and convertibles using the UPI mechanism is being increased.

Big Picture

Financial Institutions Underestimating Climate Risk: IPCC Report

07/04/2022

Transparency alone is insufficient to drive the required asset reallocation in the absence of clear regulatory frameworks, the report says.

Securities / Derivatives

SEBI Clarifies New Related Party Transaction Rule

07/04/2022

Related party transactions approved before 1 April under the old rules will require approval from shareholders.

Securities / Derivatives

IOSCO Seeks Feedback Bond Market Liquidity, ETF Guidance

07/04/2022

IOSCO is considering ways to improve the functioning of corporate bond markets. It is also proposing new guidance to improve ETF markets.

AML / KYC

Myanmar Orders Conversion of All Foreign Currency to Kyat

07/04/2022

The order suggests the military government may be struggling to repay debt and purchase key supplies. Fresh sanctions were also recently announced.