SECURITIES / DERIVATIVES

Securities / Derivatives

RBI Introduces Scheme to Widen Green Bond Trading in GIFT City

By Ajoy K Das | 30/08/2024

Eligible participants include persons residing outside India, IBUs of foreign banks, and certain regulated funds or schemes.

Crypto / Digital Assets

WFE Offers Recommendations on Crypto Custody Practices

By Editors | 30/08/2024

The recommendations draw lessons from traditional finance to guide crypto custody providers in creating a safer space for investors.

Enforcement

CFTC Fines Swiss Energy Trader $48m for Market Manipulation

By Nithya Subramanian | 30/08/2024

TOTSA TotalEnergies Trading sold physical EBOB at below-market prices to benefit its large short position in the futures market.

Securities / Derivatives

SEBI to Raise Net Worth Requirements for Merchant Bankers

By Ajoy K Das | 30/08/2024

The current net worth requirement is around $6mn. SEBI proposes to raise this 10x for those handling main board issues.

Enforcement

ASIC Fines CLSA for Providing Incorrect Regulatory Data

By Sanday Chongo Kabange | 30/08/2024

The failures arose from a change to CLSA’s global order management system that was “not adequately scoped and tested” before implementation.

Crypto / Digital Assets

BCBS Paper Warns of Risks in Permissionless DLT Systems

By Manesh Samtani | 30/08/2024

New working paper describes the risks associated with permissionless DLT, highlighting the need for banks to adopt robust risk management strategies.

Capital / Liquidity

PBOC Starts Stress Testing FIs to Assess Bond Risks

By Mark Johnston | 29/08/2024

The stress tests will assess whether banks can withstand significant drops in bond prices, which could result if yields suddenly rise.

Securities / Derivatives

SEBI Proposes to Mandate UPI Blocking Mechanism for Stock Trades

By Ajoy K Das | 29/08/2024

Under the UPI block mechanism, investors only transfer funds to the broker after their shares are credited.

Crypto / Digital Assets

HKMA Launches New Sandbox for Tokenised Asset Transactions

By Sanday Chongo Kabange | 29/08/2024

The Project Ensemble Sandbox will facilitate interbank settlement using tokenised money for transactions involving tokenised assets.