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Conduct, Culture & Accountability
HKMA Seeks to Reassure Bankers Over Covid Restrictions
By Editors | 07/03/2022
Concerns are mounting over closed schools and bars, banned flights, and a plan to launch a mass testing programme that may be coupled with a citywide lockdown.
Market Abuse
Indian Police Arrest Former NSE Head Chitra Ramkrishna
By Sanday Chongo Kabange | 07/03/2022
The CBI said evidence shows that Ramkrishna engaged in a conspiracy with another executive, after she coerced NSE’s HR department to hire him.
Structural Regulation
Philippine SEC Implements Caps on Loan Rates, Fees
By Mark Johnston | 07/03/2022
The caps were prescribed to curb predatory and abusive practices by lending and financing companies including on online platforms.
Clearing & Post-Trade
SEBI Extends Timeline for Brokers to Segregate Client Collateral
By Editors | 07/03/2022
The implementation timeline for the new framework on client collateral segregation and monitoring has been extended to 2 May 2022.
Payments & Settlements
BSP Approves Reporting Rules for Payment System Operators
By Mark Johnston | 07/03/2022
Compliance requires effective a management information system that enables independent validation and periodic independent review of reporting processes and procedures.
Market Abuse
SMBC Nikko Employees Arrested in Manipulation Probe
By Editors | 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
By Editors | 06/03/2022
The FSC has eased reporting requirements for Korean financial institutions engaged in operations and investment activities overseas.
Conduct, Culture & Accountability
NZ FMA Censures Derivatives Issuer Over Suitability Checks
By Editors | 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
By Editors | 05/03/2022
The SEC has reportedly sent subpoenas demanding information about NFT offerings that could be raising funds like traditional securities.
Fraud, Scams & Cybercrime
Korean Broker and Bank Penalised Over Optimus Mis-selling
By Editors | 04/03/2022
NH Investment & Securities cannot sell new private equity funds for three months. Hana Bank cannot be appointed as a fund trustee for three months.
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