LATEST NEWS

    Securities / Derivatives

    FMSB, ASIC Agree to Jointly Promote Financial Market Integrity

    By Editors | 29/09/2022

    The FMSB will consult with ASIC on its annual strategy refresh and provide details about forthcoming drafts of proposed standards, statements of good practice and other publications.

    Enforcement

    SFC Suspends Hedge Fund Manager for Two Years

    By Editors | 29/09/2022

    The hedge fund manager used non-public information from a market sounding call to trade short swaps on a KRX-listed stock.

    Securities / Derivatives

    Korea Takes Emergency Measures to Stabilise Markets, Currency

    By Editors | 29/09/2022

    MOEF and BOK are buying government bonds to lower yields, and the FSC is preparing to reactivate a stock market stabilisation fund created during the Covid-19 pandemic.

    AML / KYC

    Japan to Adopt Travel Rule in Crypto in May 2023 – Report

    By Editors | 29/09/2022

    The FSA plans to submit amendments to the Act on Prevention of Transfer of Criminal Proceeds to a parliamentary session next week.

    ESG / Sustainability

    SGX Lists First Low Carbon Index ETF Dedicated to APAC

    By Editors | 29/09/2022

    The ETF reflects the performance of nearly 200 large and mid-cap companies with low carbon characteristics in 11 markets in Asia Pacific.

    Enforcement

    SEC, CFTC Fine 16 Firms Over Use of Personal Devices, Chat Messaging

    By Editors | 29/09/2022

    The 16 firms agreed to pay a combined $1.82bn for failing to preserve staff communications on personal mobile devices, messaging apps and emails.

    Crypto / Digital Assets

    BIS Announces Successful Completion of mBridge CBDC Pilot

    By Editors | 29/09/2022

    The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.

    Crypto / Digital Assets

    FTX Wins Auction to Buy Assets of Bankrupt Voyager Digital

    By Editors | 29/09/2022

    FTX won a “highly competitive auction process” that lasted two weeks with the “highest and best bid for its assets”, valued at just over USD 1.4 billion.

    Capital / Liquidity

    PBOC Raises Costs for Firms to Bet Against the Yuan

    By Editors | 29/09/2022

    The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.

    AML / KYC

    CFTC Penalises Crypto Firm, Pursues First Case Against DAO

    By Editors | 29/09/2022

    Crypto firm bZeroX transferred its software protocol to a DAO and then marketed this as a way to be “enforcement-proof”.

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