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Payments & Settlements
RBI Fines State-run Energy Firms for Reporting Foreign Investments Late
02/08/2023
The RBI fined the four companies a combined $240mn for their delay in reporting overseas investments.

Data Privacy
UK to Develop New Data Standards for Regulatory Reporting
02/08/2023
The BOE and FCA have endorsed key recommendations that will transform regulatory data collections in the UK.

Structural Regulation
HKEX Will No Longer Single Out ‘China Risk’ in Issuer Disclosures
02/08/2023
HKEX removed specific requirements for issuers to disclose China-related risks, to align its requirements across all overseas-incorporated companies.

Trading & Investment
Chinese Regulators Ask Banks to Postpone Dollar Purchases – Report
02/08/2023
The window guidance is the latest in a series of steps taken by Chinese authorities this year to bolster the yuan.

Cryptocurrency
US SEC Files Charges Over $1bn in Unregistered Crypto Securities Offerings
01/08/2023
Richard Heart misappropriated at least $12mn of offering proceeds to purchase luxury goods, including the largest black diamond in the world.

Conduct, Culture & Accountability
New Consumer Duty Regime Enters into Force in UK
01/08/2023
The FCA says firms should be open and honest, avoid harm, and support consumers in pursuing their financial goals.

Credit Risk
Indian Banks Preemptively Preparing for Shift to ECL Model
01/08/2023
Some Indian banks are setting aside fresh provisions in anticipation of the planned implementation of the Expected Credit Loss framework.

Trading & Investment
CFFEX Seeks Greater Market Participation from Institutional Investors
01/08/2023
CFFEX will roll out new training, technology and incentives to better support intermediaries in servicing mid- and long-term institutional investors.

Payments & Settlements
Bangladesh Halts InterBank Transactions Due to RTGS System Glitch
01/08/2023
Bangladesh’s RTGS system faced technical issues, halting inter-bank transactions. Transactions through the RTGS system resumed the next day.

Trading & Investment
CSRC Looks to Brokers for Advice on Boosting the Stock Market
01/08/2023
CSRC convened a meeting with brokerages last week to discuss ways to restore investor confidence and boost the stock market.
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