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Anti-Money Laundering
US Returns $300m of Misappropriated 1MDB Funds to Malaysia
By Editors | 15/04/2020
The funds includes proceeds from assets that Malaysia financier Jho Low allegedly bought with stolen 1MDB money before his $700mn forfeit last year.
Cloud & Infrastructure
Cambodia: Securities Regulator to Undergo Digital Transformation
By Editors | 15/04/2020
The Securities and Exchange Commission of Cambodia will develop a digital reporting system and adopt technology requirements in its regulatory framework.
Structural Regulation
Thailand: SET Gets Powers to Respond to Market Disruptions
By Editors | 15/04/2020
In a market disruption event, the SET board now has the power to prohibit short selling and algorithmic trading on the spot, among other measures.
Liquidity Risk
ISDA, IIF Warn G20 of Acute USD Shortage in Emerging Markets
By Editors | 13/04/2020
US dollar shortages could constrain policy responses aimed at cushioning emerging market economies from the Covid-19 shock.
Trading & Investment
Short Selling May Help Mitigate the Effects of Covid-19 Crisis
By Editors | 13/04/2020
ISLA’s Council for Sustainable Finance says short selling can be a “positive mechanism”, and banning it can harm price discovery and liquidity.
Liquidity Risk
BSP Offers Banks Mark-to-Market Relief, Cuts Liquidity Requirements
By Editors | 08/04/2020
The accounting relief allows banks to effectively reverse unrealised losses resulting from a change in fair value. The MLR cut frees up almost $200mn for smaller lenders.
Capital Adequacy
Sri Lankan Brokers Prohibited from Charging Interest on Margin Loans
By Editors | 08/04/2020
The central bank has also suspended overseas investment and outward remittances by Sri Lankan residents, and cut interest rates for the second time in three weeks.
Market Abuse
US Court Reverses 2017 Dismissal of Rate Rigging Suit Against Banks
By Editors | 07/04/2020
The decision effectively revives a suit by a group of investment funds against major banks over their alleged manipulation of yen LIBOR and euroyen TIBOR between 2006 and 2011.
Anti-Money Laundering
Tiger Brokers NZ, Six Others Get Formal Warning for AML Failures
By Editors | 06/04/2020
A public warning was issued to NZX-accredited Tiger Brokers, and six additional private warnings unnamed businesses or individuals.
Fraud, Scams & Cybercrime
CSRC Opens Investigation into Fraud at Coffee Chain
By Editors | 06/04/2020
The chief operating officer of Nasdaq-listed Luckin Coffee, along with his employees, are said to have fabricated about $310mn worth of sales transactions.
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