LATEST NEWS

AML / KYC

Moscow Reopens Bond Market to ‘Friendly’ Nations

By Manesh Samtani | 17/08/2022

Investors from “unfriendly” countries remain subject to capital controls banning them from selling or collecting payments on Russian securities.

Korea to Launch Small Business Loan Refinancing Programme

By Editors | 17/08/2022

Banks and nonbank lenders will offer refinancing of business loans taken by self-employed and small merchants with interest rates of 7 percent or higher.

Securities / Derivatives

More Clarity Needed on China Green Bond Principles: Fitch

By ESG Investor | 16/08/2022

Fitch Ratings said the new principles provide greater transparency but lack clarity on the use of proceeds for working capital and debt repayment.

Enforcement

Hong Kong FRC Probes Evergrande, PwC Over Loan Guarantees

By Editors | 16/08/2022

The FRC is concerned about deposits held by Evergrande’s property services unit that were pledged as security for third parties to obtain bank loans.

Enforcement

HK Exchange Censures Ping An Securities, Two Former Directors

By Editors | 16/08/2022

The two former executive directors of Ping An Securities caused losses to the company through unapproved loans and asset disposals.

Market Infrastructure

CFTC Removes Clearing Requirement for LIBOR Swaps

By Editors | 16/08/2022

Mandatory clearing requirements will instead apply to interest rate swaps referencing SARON, TONA, €STR, SOFR and SORA.

AML / KYC

Three Associated with Tornado Cash Allegedly Arrested

By Manesh Samtani | 16/08/2022

Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

Capital / Liquidity

Property Crisis Prompts Unexpected Rate Cuts from PBOC

By Editors | 16/08/2022

Property developers have lost about $55bn in share value and $35bn in their debt value since the beginning of the year.

Uncategorised

Bursa Malaysia to Launch VCM Exchange by Year-End

By Editors | 16/08/2022

The exchange said the VCM will encourage investments in high-quality offsetting projects that can generate positive environmental and societal benefits.