Crypto / Digital Assets

HSBC Starts Offering Customers Access to Crypto ETFs

27/06/2023

HSBC is allowing Hong Kong customers to buy and sell Bitcoin and Ether based ETFs listed on the local stock market.

Capital / Liquidity

IAIS Launches Final Consultation on New Insurance Capital Standard

26/06/2023

The IAIS issued its fourth and final public consultation on the ICS ahead of its planned adoption at the end of 2024.

ESG / Sustainability

Global Leaders Call for Immediate Action on VCM Standards

26/06/2023

Coalescing around standards being developed by ICVCM and VCMI was deemed essential for the efficient operation of VCMs.

Market Infrastructure

SEBI to Introduce ‘UPI Block Facility’ for Equity Trading

26/06/2023

The facility allows investors to use blocked funds in their bank accounts for trading, instead of transferring them to the stock broker upfront.

AML / KYC

UK Banks to Pilot AML Data Sharing from October – Report

26/06/2023

One pilot will allow banks to share data if they suspect financial crime. Another pilot will involve the launch of a database for suspected economic crime.

Enforcement

US SEC Fines JPMorgan for Inadvertently Deleting Emails

25/06/2023

The emails were accidentally permanently deleted during a project to delete certain historical communications from the 1970s and 1980s.

Crypto / Digital Assets

Switzerland Freezes $26m in Crypto Linked to Terra Collapse

25/06/2023

The assets, held at digital asset bank Sygnum, were frozen in response to a request from US and Korean authorities.

Enforcement

Japan FSA Takes Administrative Action Against Two Banks

24/06/2023

The banks sold risky structured bonds to clients without checking their investment experience and explaining the risks.

Market Infrastructure

CFTC to Propose Rule on Operational and Cyber Resilience

23/06/2023

CFTC commissioner sees a need for the industry to shift “from incident response to cyber resilience”. New rule will be proposed in the next few months.