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Securities / Derivatives
Bursa Malaysia Launches New Soybean Oil Futures Contract
By Ranamita Chakraborty | 19/03/2024
Bursa Malaysia is the first exchange outside of China licensed to use commodity futures settlement prices from the Dalian Commodity Exchange.
Enforcement
China’s Didi Required to Face Investor Lawsuit Over 2021 IPO
By Editors | 19/03/2024
Besides allowing the investor lawsuit to proceed against Didi, the US court also refused to dismiss claims against banks that helped the company go public.
Enforcement
US DOJ Proposes 50 Year Prison Term for FTX Founder
By Mark Johnston | 19/03/2024
Prosecutors proposed a 40-50 year prison term, $11bn fine and forfeiture for Sam Bankman-Fried, who faces sentencing on 28 March.
Market Infrastructure
FSB Updates Guidance on Operational Continuity in Resolution
By Manesh Samtani | 19/03/2024
A supplementary note was added to address today’s dependencies on third-party providers for critical shared services, and the digitalisation of such services.
Enforcement
US SEC Fines Two Investment Advisers for AI Washing
By Editors | 19/03/2024
“Investment advisers should not mislead the public by saying they are using an AI model when they are not,” said the SEC’s Gary Gensler.
MAS to Release Revised Fair Dealing Guidelines for FIs Soon
By Nithya Subramanian | 19/03/2024
The updated guidelines will apply in a “risk proportionate manner” and ensure that customers are treated fairly, said MAS’ Ho Hern Shin.
Capital / Liquidity
RBI Tightens Scrutiny of High-Risk Lending Models
By Ajoy K Das | 19/03/2024
The RBI is scrutinising mortgage top-up loans, algorithm based credit models, and co-lending arrangements.
Crypto / Digital Assets
FSS Korea Issues 2024 Virtual Asset Supervision Workplan
By Manesh Samtani | 19/03/2024
The supervision work plan includes measures to support regulatory compliance by VASPs ahead of the Virtual Asset Users Protection Act coming into force on 19 July 2024.
AML / KYC
EU Commission Revises List of High Risk Third Countries
By Nithya Subramanian | 19/03/2024
Barbados, Gibraltar, Panama, Uganda and UAE have been removed from the list, while Kenya and Namibia were added.
Fintech / Regtech
Microsoft, Amazon Suspend Russian Access to Cloud Products
By Editors | 18/03/2024
The move is a response to the EU’s 12th package of Russia sanctions, which prohibits companies from supplying enterprise or design software to companies in Russia.
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