Taiwan Central Bank Doesn’t Want to Run Sovereign Wealth Fund

11/05/2023

Lawmakers proposed to give the central bank powers to operate a sovereign wealth fund using foreign exchange reserves.

Crypto / Digital Assets

IRS, Chainalysis Team Up to Support Ukraine Law Enforcement

11/05/2023

The IRS is sponsoring Ukraine’s access to a Chainalysis blockchain analysis tool and also organising cyber training sessions.

Crypto / Digital Assets

30 Firms to Launch “Network of Networks” for Digital Assets

11/05/2023

The Canton Network will provide a decentralised infrastructure that connects independent applications like Deutsche Börse’s D7 post-trade platform and Goldman’s GS DAP.

Crypto / Digital Assets

Ex-Coinbase Employee Sentenced to Jail for Insider Trading

11/05/2023

The former Coinbase product manager was sentenced to two years in prison for feeding his brother and a friend information about upcoming crypto listings.

ESG / Sustainability

Goldman Sachs Settles Gender Bias Lawsuit for $215m

11/05/2023

The settlement requires Goldman to hire independent experts to analyse its gender pay gaps and performance evaluation and career advancement processes.

ESG / Sustainability

ASIC Offers Guidance on Avoiding Greenwashing Penalties

11/05/2023

ASIC has taken 35 actions against greenwashing since July 2022. It has several other investigations underway and anticipates further regulatory action.

Capital / Liquidity

HKMA Specifies Regulatory Treatment of Swap Connect Margins

10/05/2023

Margins posted by banks to OTC Clear for participating in Swap Connect should be treated in the same manner as default fund contributions.

Enforcement

S. Korea: Key Suspect Detained in Stock Manipulation Case

10/05/2023

Ra Deok-yeon allegedly used order matching to inflate stock prices and defraud investors. Two other key suspects were also detained.

Securities / Derivatives

IOSCO Publishes Guidance on Enhancing SPAC Regulations

10/05/2023

The report focuses on addressing dilution risk, the protection of retail investors, and the “significant backlog” of SPACs seeking to avoid liquidation.