Big Picture

Some APAC Regulators Not Fully Operationally Independent: IOSCO

17/02/2023

Government officials in Singapore, Japan, Hong Kong, Australia and India have some ability to direct or influence securities regulators’ day-to-day operations.

Enforcement

Court Issues Australia’s Largest Ever Fine for Disclosure Failures

17/02/2023

Former ASX-listed GetSwift was ordered to pay A$15mn. Three former directors were also penalised.

Securities / Derivatives

CFTC to Require UPIs in Swaps Reporting Starting Jan 2024

17/02/2023

UPIs issued by the DSB will be required in reporting credit, equity, foreign exchange, and interest rate swaps from 24 Jan 2024.

Crypto / Digital Assets

US SEC Files Securities Fraud Charges Over Terra Collapse

17/02/2023

The Terraform ecosystem was ‘simply a fraud propped up by a so-called algorithmic stablecoin’, says Gurbir Grewal.

Crypto / Digital Assets

Hong Kong Issues First-of-its-kind Tokenised Green Bond

17/02/2023

Financial Secretary Paul Chan said the issuance demonstrates Hong Kong’s strengths in combining bond market, green and sustainable finance, and fintech.

Crypto / Digital Assets

Siemens Issues First Blockchain-based Digital Bond

17/02/2023

Siemens said it sold the bond directly to investors without engaging CSDs, and the transaction was completed within two days.

Market Infrastructure

Bursa Malaysia Launches Low Latency Connectivity Solution

17/02/2023

International market participants can access Bursa Malaysia’s data feed via more than 900 data centres in 32 countries.

Crypto / Digital Assets

DSB Seeks Additional Expertise in OTC Derivatives, Digital Assets

17/02/2023

The DSB Product Committee is seeking increased representation from Asia and additional expertise in digital assets-related OTC derivatives.

AML / KYC

Sanctioned Crypto Mixer Relaunched Under New Name

16/02/2023

Blockchain analytics firm Elliptic found a trail of transactions linking sanctioned crypto mixer Blender to a new mixing service that was launched in October.