Markets & Infrastructure

Trading & Investment

FSC Korea Outlines Roadmap for Resuming Short Selling

By Manesh Samtani | 14/06/2024

The FSC formally extended the short-selling ban until 30 March 2025 and announced reform measures to prevent naked short-selling.

PEPs & Sanctions

G7 to Raise $50bn for Ukraine Using Frozen Russian Assets

By Editors | 13/06/2024

A $50bn loan will be taken out and the interest will be paid using profits generated by frozen Russian assets.

Payments & Settlements

RBI Allows Banks to Give Importers Extra Operational Flexibility

By Ajoy K Das | 13/06/2024

Banks maintaining special rupee vostro accounts are permitted to open an “additional special current account” for importers.

Clearing & Post-Trade

Sri Lanka Completes Transition to Shorter Settlement Cycle

By Editors | 13/06/2024

The CSE described the transition from T+3 to T+2 for equity trades as “seamless” and a “significant milestone”.

Structural Regulation

ASIC Issues First Stop Order Targeting Crowdfunding Campaign

By Sanday Chongo Kabange | 13/06/2024

ASIC issued an interim stop order against a crowd-sourced funding campaign because of its use of a nominee arrangement.

Structural Regulation

China Considers Tighter Fund Selling Rules for Banks

By Editors | 13/06/2024

The NFRA is considering revisions that would block banks from selling private fund products, including hedge funds.

Trading & Investment

Hong Kong: New Sovereign Fund Starts Deploying Capital

By Sanday Chongo Kabange | 13/06/2024

The HKIC, established in 2022, will make its first batch of investments in start-ups beginning this month.

Tokenisation

Benefits of Tokenisation Are “Overexaggerated”: WFE Paper

By Nithya Subramanian | 13/06/2024

The WFE says tokenisation work should continue, but that some of the benefits claimed are “overexaggerated”.

Fraud, Scams & Cybercrime

Korea’s Woori Bank Discovers Another Embezzlement Case – Report

By Editors | 13/06/2024

An employee at one of Woori’s branches forged documents related to loans and deposits to embezzle funds that were used to invest overseas.