Capital / Liquidity

Swiss Prosecutor Opens Criminal Probe Into Credit Suisse Takeover

03/04/2023

The prosecutor is looking into potential breaches of Switzerland’s criminal law by government officials, regulators and bank executives.

Crypto / Digital Assets

Crypto Firm Bittrex Announces Decision to Exit US Market

03/04/2023

A lack of regulatory clarity makes it economically unviable for Bittrex to continue operating in the US. The global platform will continue operating.

Crypto / Digital Assets

US Futures SRO Issues New Rule for Crypto Activities

03/04/2023

The compliance rule covers anti-fraud, just and equitable principles of trade, disclosure, and supervision requirements for spot bitcoin and ether trading.

Market Infrastructure

China, Brazil Abandon US Dollar as Intermediary Currency

03/04/2023

China and Brazil will exchange renminbi and reals directly to settle trade and financial transactions.

Securities / Derivatives

Citadel Seeking Licence to Relaunch Japan Hedge Fund Office

03/04/2023

Citadel shut down its Japan operations during the 2008 GFC, but is seeking to reopen in Tokyo by the end of the year.

Enforcement

Fed, OFAC Penalise Wells Fargo for Sanctions Non-Compliance

02/04/2023

Wells Fargo’s predecessor, Wachovia, provided software that was used by a foreign bank to process USD 532 million in prohibited transactions.

Crypto / Digital Assets

BIS Innovation Hub to Launch Cryptoasset Data Project

02/04/2023

Project Atlas will allow users to visualise cross-border flows in cryptoasset and DeFi markets via publicly available dashboards.

Crypto / Digital Assets

Japan to Create Expert Panel on CBDCs Within April

02/04/2023

The launch of the panel will coincide with the start of a digital yen pilot programme involving the BOJ and private sector participants.

Market Infrastructure

ASEAN to Reduce Reliance on Major Currencies to Safeguard Stability

02/04/2023

ASEAN finance ministers and central bank governors agreed to increase usage of local currencies for trade settlements.