Crypto / Digital Assets

US SEC Files Charges Over $1bn in Unregistered Crypto Securities Offerings

01/08/2023

Richard Heart misappropriated at least $12mn of offering proceeds to purchase luxury goods, including the largest black diamond in the world.

New Consumer Duty Regime Enters into Force in UK

01/08/2023

The FCA says firms should be open and honest, avoid harm, and support consumers in pursuing their financial goals.

Capital / Liquidity

Indian Banks Preemptively Preparing for Shift to ECL Model

01/08/2023

Some Indian banks are setting aside fresh provisions in anticipation of the planned implementation of the Expected Credit Loss framework.

Securities / Derivatives

CFFEX Seeks Greater Market Participation from Institutional Investors

01/08/2023

CFFEX will roll out new training, technology and incentives to better support intermediaries in servicing mid- and long-term institutional investors.

Market Infrastructure

Bangladesh Halts InterBank Transactions Due to RTGS System Glitch

01/08/2023

Bangladesh’s RTGS system faced technical issues, halting inter-bank transactions. Transactions through the RTGS system resumed the next day.

Securities / Derivatives

CSRC Looks to Brokers for Advice on Boosting the Stock Market

01/08/2023

CSRC convened a meeting with brokerages last week to discuss ways to restore investor confidence and boost the stock market.

ESG / Sustainability

Japan FSA Seeks Industry Input on Impact Investment Guidelines

01/08/2023

The guidelines set out four key principles of impact investment, and encourages dialogue with investee companies to assist them in creating or accelerating change.

Securities / Derivatives

China Unveils Measures to Boost Innovation, Consumption and Recovery

01/08/2023

The PBOC unveiled a financial support system for technological innovation. The State Council announced measures to support consumption.

Securities / Derivatives

US Plans More Investment Curbs on China as France Bolsters Bilateral Ties

01/08/2023

Amid rising US-China tensions, Biden plans further tech investment curbs. Yet, France is fostering deeper economic cooperation with China.