LATEST NEWS

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    Enforcement

    FSS Korea Concludes Probe Into Mis-sold HSCEI-Linked Products

    By Manesh Samtani | 12/03/2024

    Investors have lost almost $1bn, with another $3.5bn expected. The FSS issued a compensation guideline for financial firms that mis-sold the risky ELS products.

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    AML / KYC

    Swiss Authorities Convict BSI Bank for Money Laundering

    By Nithya Subramanian | 12/03/2024

    Switerland’s Office of the Attorney General has imposed a fine of CHF 4.5 million for violations between August 2010 and June 2014.

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    Capital / Liquidity

    RBNZ Issues Further Consultation on Deposit Protection Scheme

    By Editors | 12/03/2024

    The new Depositor Compensation Scheme will become operational in mid-2025, more than one year later than the initial plans.

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    AML / KYC

    FATF Issues Final Guidance to Support Implementation of R.25

    By Editors | 12/03/2024

    The guidance explains requirements to obtain adequate, accurate and up-to-date UBO information for express trusts and similar legal arrangements.

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    Capital / Liquidity

    Chinese Regulators Ask Banks to Support Troubled China Vanke

    By Manesh Samtani | 12/03/2024

    Vanke has been one of the few remaining Chinese property developers rated investment-grade by international rating agencies, until now.

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    SC Malaysia Seeks Feedback On Governance Code For MSMEs

    By Nithya Subramanian | 12/03/2024

    The proposed code aims to assist MSMEs in fostering long-term sustainability, attracting investment, and effectively navigating the business landscape.

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    AML / KYC

    SEBI’s FPI Disclosure Rules Create Anxiety for Foreign Funds

    By Editors | 12/03/2024

    Requirements for FPIs to disclose information about their investors present legal, regulatory and practical challenges for foreign funds.

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    Market Infrastructure

    Australia to Introduce “Financial Sector Regulatory Grid”

    By Sanday Chongo Kabange | 12/03/2024

    The new regulatory grid system will enable ASIC, APRA, the ACCC, the RBA and the ATO to better coordinate financial sector regulation.

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    Crypto / Digital Assets

    UK FCA to Allow Recognised Exchanges to Offer Crypto ETNs

    By Editors | 12/03/2024

    The London Stock Exchange has already confirmed it will start accepting applications for Bitcoin and Ethereum ETNs in Q2 2024.

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    Securities / Derivatives

    SEBI Bars JM Financial from Acting as Lead Manager

    By Ajoy K Das | 12/03/2024

    SEBI said JM Financial engaged in practices which have a “detrimental effect” on the orderly functioning of the market.

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