Capital / Liquidity

Capital Ratios Exceed Pre-Pandemic Levels for Largest Banks: BCBS

27/09/2023

Three unnamed internationally active banks reported that their LCR was below the minimum required level of 100 percent at end 2022.

JPMorgan Settles Remaining Epstein-related Lawsuits

27/09/2023

The bank will pay $75mn to the US Virgin Islands and has also settled its own lawsuit against former executive Jes Staley for an undisclosed sum.

Market Infrastructure

China, EU Agree Measures to Ease Trade Tensions

27/09/2023

The two sides agreed to establish an export controls dialogue mechanism and to set up a new working group on financial regulation, among other measures.

Crypto / Digital Assets

Hackers Steal $200m from Mixin in 2023’s Biggest Crypto Hack

27/09/2023

Mixin has since offered the attacker a $20mn “BUG Bounty Reward” for the return of its users’ funds, and that the losses may not be as significant as initial estimates.

Big Picture

FIA Publishes Best Practices for Designing Volatility Control Mechanisms

27/09/2023

The paper presents best practices for ensuring derivatives exchange VCMs protect against disruptive activity while also facilitating genuine price discovery.

Fintech / Regtech

HKMA Pushes for Greater Use of FPS for Business Payments

27/09/2023

For October, banks and SFV operators won’t have to pay settlement fees when using the FPS for payments from corporates and merchants.

ESG / Sustainability

MAS Proposes Approach to Financing Early Retirement of Coal Plants

27/09/2023

A new paper by MAS and McKinsey proposes the generation and sale of “transition credits” to reduce the economic gap from retiring a coal plant early.

Market Infrastructure

HKEX Issues Consultation on Proposed GEM Listing Reforms

27/09/2023

The proposals include a new transfer mechanism for GEM companies to transfer to the Main Board and a new eligibility test for initial listing on the GEM board.

ESG / Sustainability

Indonesia Launches Trading in New Carbon Credits Market

27/09/2023

IDX is the operator of the new carbon exchange, known as the IDXCarbon. Trading technology was provided by AirCarbon Exchange.