Cryptocurrency

NYAG Penalises CoinEx $1.8m for Failure to Register

19/06/2023

CoinEx must implement geoblocking to prevent New York IP addresses from accessing its platform.

Clearing & Post-Trade

Global Consortium Executes First “Quantum-Secure” Trade Transaction

19/06/2023

The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.

Trading & Investment

DBS Launches New Multi Family Office Platform for UHNW Families

19/06/2023

The new platform is established as an umbrella VCC, with multiple underlying sub-funds that clients can use to manage their assets.

Structural Regulation

Korea Probes Four Banks for Possible Collusion on Rates

15/06/2023

The Fair Trade Commission conducted inspections at Kookmin Bank, Hana Bank, Shinhan Bank and Woori Bank.

Tokenisation

Korea Securities Depository to Establish Security Token Platform

15/06/2023

The KSD will set up a securities token platform and play the role of screening registrations of such digital assets.

Credit Risk

RBI Asks CRAs for Information on Uncooperative Firms – Report

14/06/2023

About half of the 40,000 companies rated in India do not share information with credit rating agencies.

Conduct, Culture & Accountability

Australia to Reduce Red Tape Imposed on Financial Advisers

14/06/2023

Assistant treasurer Stephen Jones said the reforms will be progressed in three streams, including allowing super funds to provide advice.

Structural Regulation

HSBC Forms New ‘Innovation Banking’ Division Out of SVB UK Acquisition

13/06/2023

The new ‘HSBC Innovation Banking’ brand will roll out globally in the coming months, with innovation-focused teams in the UK, US, Israel and Hong Kong.

Trading & Investment

Bursa Malaysia Expands List of Securities Approved for Short-Selling

13/06/2023

Bursa Malaysia is expanding its list of securities approved for securities borrowing, securities lending and short selling.