Market Infrastructure

ASX Unveils Advisory Group to Navigate CHESS Replacement Project

04/08/2023

ASX established an Advisory Group to provide strategic advice and restore confidence in the beleaguered CHESS replacement project.

Enforcement

US Hacker Pleads Guilty Over 2016 Bitfinex Cyber Theft

04/08/2023

Ilya Lichtenstein admitted to being the original hacker in the 2016 cyberattack on Bitfinex and pleaded guilty to conspiracy to commit money laundering.

Enforcement

SocGen Reaches Settlement Over Unauthorised Messaging Probe

03/08/2023

SocGen said it has reached separate settlements with the SEC and CFTC, both of which were “pending formal regulatory approval.”

US Lawmakers Accuse BlackRock, MSCI of Aiding China Military

03/08/2023

US House committee accuses BlackRock and MSCI of indirectly financing blacklisted entities that facilitate human rights abuses.

Enforcement

Australia High Court Calls for Higher Penalty in Foreign Bribery Case

03/08/2023

High Court justices rejected the A$1.35mn fine ordered in a foreign bribery case, deeming it insufficient.

AML / KYC

US SEC Flags Deficiencies in Broker Dealer AML Programmes

03/08/2023

Some broker dealers had deficiencies in independent testing, staff training, customer identification and due diligence practices.

Market Infrastructure

China Announces More Measures to Support Private Firms, Property

03/08/2023

Banks will be encouraged to focus on satisfying the financing needs of enterprises, support exchange rate risk hedging, and further lower their mortgage rates.

Sanctions

RBI Approves 34 Russian Vostro Accounts at Indian Banks

03/08/2023

Special Rupee Vostro Accounts were opened by Russian banks at 14 Indian commercial banks, based on guidelines issued by the RBI in July 2022.

Market Infrastructure

CUSIP-Based Entity Identifier Launched for Syndicated Loan Market

03/08/2023

The new 10-character CEI code will enable transparency and system interoperability across the syndicated corporate loan asset class, globally.