Market Infrastructure

CSRC Issues Guidelines to Improve Bond Registration System

22/06/2023

The guidelines streamline the debt issuance process, enhance information disclosure requirements, and tighten the responsibilities of issuers and intermediaries.

Crypto / Digital Assets

Wall Street Firms Launch New Crypto Exchange, EDX Markets

22/06/2023

EDX Markets is backed by Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial, among others.

Fintech / Regtech

Embattled PwC Caught up in Russian Cyberattack

22/06/2023

A Russian hacker group known as CL0P exploited a vulnerability in MOVEit, a third-party software platform used for secure data transfer.

Crypto / Digital Assets

MAS Grants Ripple In-Principle Approval to Offer DPT Services

22/06/2023

Ripple said the licence will allow it to offer regulated digital payment token products and services in Singapore and scale on-demand liquidity service.

Crypto / Digital Assets

Japan Crypto Firms Call for Looser Margin Trading Restrictions

22/06/2023

An existing 2x leverage cap for retail investors is intended to curb excessive speculation and protect investors from significant losses.

Enforcement

South Korea Ordered to Pay Elliott Over 2015 Dispute

22/06/2023

The amount represents about 7 percent of what Elliott sought from a 2018 lawsuit it filed against the South Korean government.

Securities / Derivatives

ASIC Proposes to Remake Derivative Trade Repository Rules

22/06/2023

ASIC proposes to remake the 2013 rules in substantially the same form with two minor updates ahead of sunset.

Enforcement

Ex-PBOC Deputy Governor Arrested on Bribery Suspicions

22/06/2023

Fan Yifei has been arrested and is now the subject of a criminal investigation for alleged bribery and abuse of power offences.

HKEX Expands Global Footprint with New York Office

22/06/2023

HKEX chief Nicolas Aguzin said the new office will better connect “two of the most important financial centres in the world”.