Market Abuse

SMBC Nikko Employees Arrested in Manipulation Probe

07/03/2022

Two Japanese and two foreign nationals were arrested for allegedly manipulating at least five stocks when handling block orders for clients.

Structural Regulation

FSC Korea Amends Rules to Promote Overseas Expansion of FIs

06/03/2022

The FSC has eased reporting requirements for Korean financial institutions engaged in operations and investment activities overseas.

Anti-Money Laundering

FATF Concerned About Impact of Ukraine Invasion on Risk Environment

06/03/2022

Russia’s actions run counter to the FATF core principles. The FATF is reviewing Russia’s role at the FATF and will consider steps to uphold its core values.

Liquidity Risk

APRA Commences Post Implementation Review of LCR, NSFR

06/03/2022

The review will inform potential adjustments to the LCR and NSFR and a broader review of APRA’s liquidity requirements.

Sustainable Finance

APLMA, LMA, LSTA Publish New ESG Guidance Documents

06/03/2022

The guidance documents are intended to support the development of green, social, and sustainability-linked loans.

Conduct, Culture & Accountability

NZ FMA Censures Derivatives Issuer Over Suitability Checks

05/03/2022

CTRL Investments allowed investors who could not demonstrate the necessary skills and knowledge to trade derivatives.

Tokenisation

US SEC Probes Whether NFTs Are Being Used Like Securities

05/03/2022

The SEC has reportedly sent subpoenas demanding information about NFT offerings that could be raising funds like traditional securities.

Capital Adequacy

Bank Indonesia Offers Incentives for Inclusive Financing Activities

04/03/2022

Banks that expand priority sector credit and inclusive financing beyond certain thresholds can reduce their statutory reserve requirements.

Anti-Money Laundering

UK, UAE Launch New Toolkit Targeting Illegal Wildlife Trade

04/03/2022

Financial institutions worldwide are urged to adopt the toolkit; share it with colleagues, peers and industry partners; and take action to stamp out IWT.