Market Abuse

US Prosecutors Probe Possible Terra Manipulation by Trading Firms

15/03/2023

SDNY prosecutors are said to be looking into Telegram chats among employees at Jump Trading and Jane Street from last May.

Cryptocurrency

SEC Thailand Consults on Proposal to Ban Crypto Lending

15/03/2023

The ban is being proposed to protect investors from situations where service providers suffer financial problems or their services are discontinued.

Payments & Settlements

BSP Sets 1 July for Mandatory Adoption of QR Ph Standard

15/03/2023

From 1 July, all FIs and PSPs must disable all non-QR Ph codes and proprietary QR codes and ensure they are no longer be available to the public.

Operational Risk

Credit Suisse Identifies “Material” Financial Reporting Weaknesses

15/03/2023

The weaknesses related to a “failure to design and maintain an effective risk assessment process to identify and analyse the risk of material misstatements”.

Sustainable Finance

Philippines to Adopt ASEAN SRFS, Issue Blue Bond Framework

15/03/2023

The SEC will adopt the ASEAN Sustainable and Responsible Fund Standards and separately release a new blue bond framework by Q2.

Conduct, Culture & Accountability

Compensation for Poor Advice Reaches A$4.7b: ASIC

14/03/2023

As of end December, the major banks paid or offered to pay almost AUD 4.7 billion (USD 4.2 billion) in compensation to over 1.6 million customers.

Alternative Markets

Korea May See ATS Platforms Launch Within This Year

14/03/2023

Applications for preliminary accreditation will be accepted between 27-30 March. Once authorisation is granted, firms will have six months to launch.

Market Data & Technology

ICMA Releases New Bond Data Taxonomy

14/03/2023

The Taxonomy will enable firms to more easily leverage new technologies, streamline issuance and post-trade operations, and exchange data.

Cybersecurity

CFTC Unveils Newly Constituted Tech Advisory Committee

14/03/2023

Carole House from Terranet Ventures and Ari Redbord from TRM Labs will serve as committee chair and vice chair, respectively.