Securities / Derivatives

Korea Releases Revision Bills on Measures to Prevent Naked Short-selling

27/11/2024

The revision bills specify details regarding the repayment period for borrowed stocks, internal control standards, and securities firm obligations, among other measures.

Sanctions

Japan Preparing to Ramp Up Sanctions on North Korea, Russia

26/11/2024

Officials are said to be particularly concerned about North Korean troop deployments to Russia and the implications for peace and security in the region.

Securities / Derivatives

SEBI Proposes to Diversify Ownership of Clearing Corporations

26/11/2024

SEBI proposes two options to diversify ownership of clearing corporations to allow them to operate as public utilities free from commercial, profit-making considerations.

Sanctions

HSBC Stops Processing All Payments Involving Russia, Belarus

26/11/2024

Payments involving Russia or Belarus may be held for further review and rejected. Customers are advised to “make alternative arrangements” for such transactions.

Market Infrastructure

Hong Kong Completes Transition to Multiple CRA Operating Model

26/11/2024

The migration of consumer credit reference services to “Credit Data Smart” was completed on 24 November. HKMA welcomed the “milestone”.

Crypto / Digital Assets

BSP Proposes to Enhance Reporting Requirements for VASPs

26/11/2024

VASPs must submit 13 reports at specified intervals to ensure thorough oversight. A new reporting portal will be implemented by January.

Enforcement

US Authorities Charge Former Co-CIO of WAMCO with Fraud

26/11/2024

Ken Leech disproportionally allocate winning trades to favoured portfolios and loss-making trades to disfavoured portfolios.

Market Infrastructure

NY Fed Starts Publishing SOFR With Revised Methodology

26/11/2024

The revised methodology removes transactions between affiliated institutions and mitigates the influence of “specials” transactions

Sanctions

UK Sanctions “Infamous Kleptocrats” to Start Anti-Corruption Campaign

25/11/2024

The FCDO said the sanctions mark “the start of a new campaign” to clamp down on corruption and illicit finance both at home and overseas.