Securities / Derivatives

Fintech / Regtech

FIA to Form New Global Taskforce in Response to ION Outage

By Manesh Samtani | 08/03/2023

The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.

Enforcement

LME Facing Three New Lawsuits Over Cancelled Nickel Trades

By Editors | 08/03/2023

In one new lawsuit, AQR Capital Management and four other hedge funds are claiming almost $100mn in damages.

ESG / Sustainability

GASLA Issues Updated Framework for ESG and Securities Lending

By Editors | 08/03/2023

The updated framework provides offers guidance to help financial institutions evaluate securities lending in the context of their ESG policies.

Securities / Derivatives

SEBI Cautions Mutual Funds Against Misleading Ads

By Editors | 07/03/2023

Some mutual funds are leading investors to believe they will receive fixed returns, and projecting high returns based on past performance.

Securities / Derivatives

HKEX Identifies Compliance Deficiencies at Some Firms

By Editors | 07/03/2023

Participants should review their current practices and procedures, strengthen their controls, and take immediate actions to rectify any breaches or deficiencies.

Securities / Derivatives

CME Group to Launch Offshore Renminbi Options on 3 April

By Editors | 07/03/2023

USD/CNH options have become one of the most traded pairs in the OTC market. The new listed contracts will offer a centrally cleared alternative.

Enforcement

SFC Bans Former Senior Manager of Citigroup Asia Unit for Misconduct

By Editors | 07/03/2023

Philip Shaw’s misconduct was “intentional, dishonest and contrary to a licensed person’s overarching duty to act in clients’ best interests,” the SFC said.

Securities / Derivatives

Chinese Stock Exchanges Probe Large Covid-related Writedowns – Report

By Editors | 06/03/2023

The Shanghai and Shenzhen stock exchanges have queried companies over why they wrote down the value of assets last year.

Enforcement

LME Faces First Ever Enforcement Probe Over Nickel Market Suspension

By Editors | 06/03/2023

This is the first time UK regulators have opened an enforcement investigation against an exchange, which observers say could point to serious misconduct or compliance failures.