Trading & Investment

KRX Launches New Market Segment for Blue Chip Stocks

30/11/2022

The KOSDAQ Global segment comprises 51 companies with a combined market cap of about KRW 78 trillion, which represents 23 percent of the KOSDAQ market.

Emerging Prudential Risks

BCBS Warns of Risks from Bank Exposures to Leveraged NBFIs

30/11/2022

Bank exposures to NBFIs, particularly highly leveraged firms, could lead to excessive risk concentration and potential liquidity issues.

Cryptocurrency

IOSCO to Develop Regulatory Guidance for Crypto Market

30/11/2022

IOSCO chair Jean-Paul Servais said new standards for regulating “crypto conglomerates” are an “obvious necessity.”

Fraud, Scams & Cybercrime

UK Crypto Fraud Increased 32pc Over One Year Period

30/11/2022

UK police unit Action Fraud said crypto-related fraud losses from October 2021 to September 2022 amounted to $270mn.

PEPs & Sanctions

EU to Gain Legal Authority to Punish Sanctions Circumvention

30/11/2022

The move will make it easier for EU authorities to take action against anyone who helps Russia avoid its sanctions.

PEPs & Sanctions

OFAC Fines Crypto Firm Kraken for Iran Sanctions Violations

30/11/2022

Kraken was facing a maximum fine of over $272mn. The $362,000 settlement reflects OFAC’s determination the violations were “non-egregious and voluntarily self-disclosed”.

Fraud, Scams & Cybercrime

Singapore Police Launch Probe into Crypto Lender Hodlnaut

29/11/2022

The police said they received multiple reports between August and November 2022 alleging false representations by that Hodlnaut and/or its directors.

Fraud, Scams & Cybercrime

Turkish Authorities Seize FTX Assets Amid Criminal Probe

29/11/2022

Turkish investigation found that FTX failed to safely store user funds, embezzled customer funds, and manipulated market supply and demand.

Capital Adequacy

ECB to Impose Capital Charges for Leveraged Finance Risk – Report

29/11/2022

The ECB is reportedly planning to impose higher capital requirements on banks to address risk in their leveraged finance businesses.