Crypto / Digital Assets

Ripple’s Rahul Advani Discusses Regulatory Landscape for Digital Assets

20/03/2023

Rahul Advani, Policy Director for APAC at Ripple, discusses the regulatory landscape for digital assets and the potential for a globally harmonised framework.

Capital / Liquidity

Central Banks Coordinate Action to Ensure Global USD Liquidity

20/03/2023

From Monday until at least the end of April, the Fed and other central banks will make US dollars available on a daily basis, rather than weekly.

Capital / Liquidity

SVB Financial Files for Chapter 11 Bankruptcy Protection

20/03/2023

The bankruptcy filing means SVB Financial can apply to the courts to resume activities while it looks for buyers for its assets.

Securities / Derivatives

LME Discovers Nickel Bags Containing Stones at Warehouse

19/03/2023

The already embattled LME is postponing the reopening of Asian trading to allow its warehouse operators to recheck warranted nickel.

Enforcement

China MOF Fines Deloitte for Huarong Audit Failures

19/03/2023

Deloitte’s China arm was fined a record CNY 212 million for “serious” deficiencies in its audit work for China Huarong Asset Management between 2014 and 2019.

Securities / Derivatives

KRX Chief Calls for Full Lifting of Short Selling Restrictions

19/03/2023

KRX chief Sohn Byung Doo says the complete resumption of short selling will help Korea win inclusion in MSCI’s developed markets index.

Securities / Derivatives

SFC Issues Guidance on New Mainland Rules for Overseas Listings

19/03/2023

The guidance covers disclosures of interests in Mainland issuers and the application of the Takeovers Code under the new Mainland regulations.

Capital / Liquidity

China Responds to US Banking Crisis With RRR Cut

19/03/2023

State media said the RRR cut reflects the Chinese government’s “responsibility to the world” after it resisted following the US in raising interest rates.

AML / KYC

New Cybercrime Prevention Law Takes Effect in Thailand

19/03/2023

The law allows banks to temporarily suspend illicit bank accounts without having to wait for a fraud to occur.