Trading & Investment

Cboe Launches “First-of-its-kind” Global Listing Network

05/06/2023

Stocks that are “intralisted” on Cboe’s US and Canada exchanges will be available for trading in the Netherlands and the UK, with Australia to follow.

KYC & CDD

RBI Panel Offers Recommendations on Improving Bank Services

05/06/2023

The committee issued recommendations to foster a more customer-centric approach in the financial services industry.

Fraud, Scams & Cybercrime

FCA Fines ED&F Man Capital Markets for Cum-Ex Trading Breaches

05/06/2023

The GBP 17.2 million fine is the largest imposed thus far in connection with the cum-ex tax fraud scheme.

Emerging Prudential Risks

CFTC Proposes Rule Update to Account for Crypto and Cyber Risks

05/06/2023

The CFTC is considering requiring firms to update their risk management frameworks to account for related to crypto, AI, cyber, and climate.

Fraud, Scams & Cybercrime

HK Police Arrest Man for Illegal Short Selling, Fraud

04/06/2023

The man fabricated trading statements that falsely showed he held shares in four listed companies he short-sold, when in fact he did not, the SFC said.

Credit Risk

New Global Database of Credit Loss Metrics Launched

04/06/2023

New database provides estimations of macro-implied credit loss rates across jurisdictions, including to project future losses.

Sustainable Finance

Hong Kong Raises Record $6b in Latest Green Bond Offering

04/06/2023

The green bonds were five times oversubscribed and will be listed on both the Hong Kong and London stock exchanges on 7 June.

Anti-Bribery & Corruption

APRA Investigating Super Fund Payments to Unions

04/06/2023

APRA chairman John Lonsdale told lawmakers the regulator has an “appetite to take enforcement” where it is needed.

Resolution & Recovery

Credit Suisse Bankers Sue FINMA Over Lost Bonuses

04/06/2023

Some Credit Suisse bankers had their bonus awards based on AT1 bonds, which were wiped out in the government-orchestrated rescue in March.