Securities / Derivatives

US SEC Boost Transparency of Short Selling, Securities Lending

16/10/2023

Institutional investment managers will be required to report short positions to the SEC; Companies will have to report securities lending activity to FINRA.

Enforcement

UK FCA Fines Equifax £11m Over 2017 Cybersecurity Breach

16/10/2023

The FCA said the 2017 cyber breach against Equifax’s US parent allowed hackers to access the personal data of 13.8 million UK consumers.

AML / KYC

Bhutan Launches Blockchain-based Digital Identity System

16/10/2023

Bhutan has become the first sovereign state to implement a comprehensive decentralised digital identity framework.

Securities / Derivatives

CapitaLand China Trust Issues First China FTZ Offshore Bond

16/10/2023

CapitaLand China Trust subsidiary CLCT MTN has become the first Singapore-based issuer to launch offshore CNY bonds in the Shanghai FTZ.

Capital / Liquidity

EBA Proposes to Integrate E&S Risks in Pillar 1 Framework

16/10/2023

The EBA proposes to include environmental and social risks in the frameworks for credit, market and operational risks.

Enforcement

Chinese Authorities Arrest Former Chairman of Everbright Group

15/10/2023

Li Xiaopeng was placed under investigation in April. His arrest comes days after he was expelled from the CCP.

Enforcement

ASIC Wins ‘Landmark’ Case Over ANZ’s 2015 Share Placement

15/10/2023

The Federal Court said ANZ breached the law by failing to disclose that its underwriters took up nearly a third of its 2015 share placement.

Sanctions

OFAC Issues First Sanctions for Breaches of Russia Oil Price Cap

15/10/2023

A new advisory was also released offering recommendations to the maritime industry and related sectors to enhance compliance with the price caps.

Korea FSS to Continue ‘High-intensity Supervision’ of Banks

15/10/2023

The FSS shared the results of self-inspections by banks to assess their internal controls for preventing embezzlement and other ‘financial accidents’.