Credit Risk

Korea to Partially Refund Interest Paid by Small Merchant Borrowers

12/03/2024

Small merchants who borrowed from nonbank financial institutions with interest rates ranging from 5 to 7 percent can apply for partial refunds.

PEPs & Sanctions

OFAC Targets Financial Facilitators of al-Shabaab Militant Group

12/03/2024

OFAC said al-Shabaab, an al-Qa’ida-affiliated terrorist group, that is “responsible for some of the worst terrorist attacks in East Africa’s modern history”.

Trading & Investment

KRX to Implement Derivatives Market Enhancements on 22 April

12/03/2024

KRX will list additional stock futures and options, improve disclosure of market information, and expand futures spread trading hours.

Clearing & Post-Trade

Taiwan: Securities Firms Can Entrust Foreign Securities to TDCC

12/03/2024

Allowing securities firms to entrust the custody of foreign securities the TDCC will give them more options without impacting investors, the FSC said.

Structural Regulation

EU Sets Out Roadmap to Achieve Capital Markets Union

12/03/2024

The roadmap includes measures to harmonise stock exchange listing requirements, reduce listing costs, and make equity and bond financing more attractive.

Anti-Money Laundering

Singapore Reported to be Scrutinising Wealth from Chinese

12/03/2024

Family office applications with Chinese-affiliated wealth have been denied and applicants are facing tough questions.

Trading & Investment

Thailand to Tighten Rules on Short-Selling, Algorithmic Trading

12/03/2024

The SEC will shrink the pool of listed stocks eligible for short-selling, impose daily limits on short-selling, and require securities firms to help it police the market.

Resolution & Recovery

RBNZ Issues Further Consultation on Deposit Protection Scheme

12/03/2024

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

Anti-Money Laundering

FATF Issues Final Guidance to Support Implementation of R.25

12/03/2024

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