Data Privacy

Australia, New Zealand to Jointly Investigate Data Breach

15/05/2023

The probe into Latitude’s data breach is the first joint privacy investigation by Australia and New Zealand authorities.

PEPs & Sanctions

US DOJ Approves First Transfer of Seized Russian Funds to Ukraine

15/05/2023

“While this represents the United States’ first transfer of forfeited Russian funds for the rebuilding of Ukraine, it will not be the last,” said Attorney General Merrick Garland.

Structural Regulation

Banks Must Ensure LIBOR Transition Work is Complete: RBI

14/05/2023

No new transactions should be undertaken using USD LIBOR or MIFOR, and appropriate fallbacks must be in place in legacy contracts.

Clearing & Post-Trade

ICE Invites HK Firms to Trade Futures in Singapore

14/05/2023

ICE Clear Singapore received authorisation from the SFC allowing it to clear ICE Futures Singapore trades for Hong Kong-based clearing members.

Trading & Investment

IOSCO Issues Guidance on Good Practices For ETFs

14/05/2023

The good practices cover effective product structuring, disclosure, liquidity provision, and volatility control mechanisms.

Market Abuse

CFTC Fines HSBC for “Deceptive Trading”, WhatsApp Use

14/05/2023

The CFTC fined three HSBC affiliates a total $75m for manipulative and deceptive trading, spoofing, and supervision and record-keeping failures.

Trading & Investment

Korea Offers Tax Benefits to Investors in High Yield Bond Funds

14/05/2023

The incentive is expected to help boost the demand for mid- and low-credit grade corporate bonds in the market.

Anti-Bribery & Corruption

US SEC Fines Philips for Corrupt Practices in China

14/05/2023

Dutch medical supplier engaged in “improper” conduct and bidding practices to sell its medical technology products in China.

Structural Regulation

MAS Reappoints Ravi Menon as Head for Two More Years

14/05/2023

Menon will serve as Managing Director until 31 May 2025 or his retirement from the Singapore Public Service, whichever is earlier.