Market Infrastructure

China Plans to Allow Foreign FIs to List Domestically

22/03/2023

Foreign-funded institutions have become an “indispensable part” of the domestic financial system, said top official Lou Jiwei.

Enforcement

CFTC Revokes Registrations of Allianz Global Investors

22/03/2023

The CFTC’s order was issued to “protect the derivatives markets and market participants” after three portfolio managers made fraudulent representations to investors for several years.

Capital / Liquidity

FDIC Running Two Separate Auctions for SVB Assets This Week

22/03/2023

SVB and its private bank may be sold separately. First Citizens BancShares, Apollo Global Management, and a group of VC firms are considering bids.

Crypto / Digital Assets

Crypto Firms Looking to Set Up in Hong Kong: Christopher Hui

22/03/2023

Between October and February, 80 virtual asset-related companies have expressed interest in establishing a presence in Hong Kong.

Crypto / Digital Assets

Korean Prosecutors Probe “Illegal” Crypto Token Listings

22/03/2023

A Bithumb executive, former Coinone employee, and other crypto exchanges are said to have illegally listed crypto tokens on their platforms.

Market Infrastructure

Migration to ISO 20022 Message Standard Commences

22/03/2023

This marks a significant milestone for the payments industry and the start of a coexistence period until November 2025, Swift said.

Market Infrastructure

EU Announces Smooth Launch of New T2 RTGS System

22/03/2023

The new T2 system comprises an RTGS system, a central liquidity management tool, and leverages the ISO 20022 message standard.

Crypto / Digital Assets

Taiwan Cabinet to Expand FSC’s Remit to Crypto Sector

22/03/2023

The FSC will focus on the segregation of customer assets at crypto exchanges, the supervision of token listings, and customer protection.

Securities / Derivatives

CSRC Halts New Chinese Listings on SIX Swiss Exchange

21/03/2023

Chinese regulators are concerned that a substantial portion of GDRs are bought by domestic investors, who later exploit home market price differences.