Capital / Liquidity

Korea FSS to Target Bank Governance in 2023 Workplan  

09/02/2023

Among the key tasks in the workplan, the FSS will work to strengthen governance structures, compensation systems, and internal control capabilities of banks.

Enforcement

ASIC to Restructure to Enable Faster Enforcement Decisions

09/02/2023

ASIC will streamline its business groups and reduce the number of divisions to make its enforcement approach more strategic and free up funding for technology investments.

Crypto / Digital Assets

US SEC Close to Settling Probe Against Crypto Firm Kraken

09/02/2023

Commissioner Hester Peirce says the SEC “has not done a good job” in providing regulatory clarity on crypto.

ESG / Sustainability

Carbonplace Gets Further Backing from Nine Banks

09/02/2023

The investment will go towards the development of a global carbon credit transaction network that will launch later this year.

Market Infrastructure

ION Brings Traders Back Online Following Ransomware Attack

09/02/2023

Exchanges are reporting business as usual, though ION is said to be rebuilding its systems. Cybersecurity firm Crowdstrike will validate.

Securities / Derivatives

HKEX to Support Listings by Nanjing Tech Enterprises

09/02/2023

Nanjing, home to about 18,000 technology enterprises, has become a significant growth centre for new economy industries, HKEX said.

ESG / Sustainability

ISDA Analyses Regulatory Treatment of SLDs in Singapore

09/02/2023

The paper considers how sustainability-linked derivatives would be classified and regulated in Singapore.

Securities / Derivatives

NYSE to Reimburse 60pc of Claims from January Trading Halts

08/02/2023

NYSE clients have been told that losses will be covered for orders posted or routed to NYSE. Loss-making trades triggered on other venues will not be covered.

AML / KYC

India Orders Ban on Over 200 Betting and Loan Apps

08/02/2023

The move follows several arrests and raids on payment firms last year connected to a probe into money laundering by loan companies said to be controlled by Chinese individuals.