Capital / Liquidity

Korea Amends Rules for on Investors’ Foreign Currency Deposits

17/12/2024

The regulatory amendment increases the proportion of investors’ USD and JPY funds that securities firms have to deposit with the KSFC.

AML / KYC

Malaysia Advances Bill to Amend Trustee Act for AML/CFT

17/12/2024

The amendments will impose AML/CFT obligations on trustees, including requirements to maintain records on beneficial ownership.

Capital / Liquidity

HKMA Publishes Five Revised SPM Modules in Gazette

17/12/2024

The revised modules mainly include updates to cater for the implementation of Basel III rules on exposure limits and liquidity.

Enforcement

Greensill Group Auditor Suspended in Australia for Two Years

17/12/2024

Joseph John Santangelo was suspended for failing to carry out Greensill’s group audit in accordance with Australian Auditing Standards.

Enforcement

US SEC Fines Cantor Fitzgerald Over Misleading SPAC Disclosures

16/12/2024

Cantor Fitzgerald failed to disclose that it had already commenced negotiations with merger targets for two SPACs prior to their IPOs.

Market Infrastructure

China Expands Private Pension Scheme to Nationwide Implementation

16/12/2024

More banks are permitted to offer pension services and the eligible products have been expanded to include government bonds and index funds.

Sanctions

US Sanctions Eight Firms for Enabling Human Rights Violations

16/12/2024

Commerce Dept said two Chinese targets enabled human rights violations and four others supplied parts and components to Myanmar’s military.

Sanctions

EU to Issues First Sanctions Targeting Russian Disinformation

16/12/2024

The sanctions are part of a new regime that focuses on disinformation operations and other Russian-sponsored destabilising activities globally.

Capital / Liquidity

HKMA Issues Supplementary Guidance on Revised Credit Risk Framework

16/12/2024

The HKMA said the new supplementary guidance is intended to facilitate “consistent application” of the revised credit risk framework.