LATEST NEWS

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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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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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