Market Infrastructure

China to Appoint Veteran Banker to Head New Super-Regulator

12/05/2023

Li Yunze will head the NFRA (National Financial Regulatory Administration) as part of a broader restructuring of China’s financial regulatory regime.

Enforcement

ASIC to ‘Sharpen Focus’ on Misconduct by Credit Providers

11/05/2023

Deputy chair Sarah Court said credit providers and debt management firms that take advantage of vulnerable consumers are in ASIC’s sights.

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.