Securities / Derivatives

Enforcement

UK FCA Fines Banque Havilland for Alleged Manipulative Trading

By Sanday Chongo Kabange | 06/05/2023

Banque Havilland employees including the CEO created and distributed a document containing “manipulative trading strategies” aimed at harming Qatar’s economy.

Fintech / Regtech

AI Ethics: A Framework for Investment Professionals

By Siva Ramachandran | 06/05/2023

CFA Institute’s Siva Ramachandran and Phoebe Chan examine the ethical aspects of using AI tools in investment management.

Enforcement

FSS Korea Uncovers First “Malicious” Cases of Naked Short Selling

By Editors | 06/05/2023

The FSS uncovered cases where market participants deliberately short-sold securities without first borrowing the stock in a bid to “maximise trading profits”.

Market Infrastructure

Regulators Announce 15 May Launch Date for Swap Connect

By Editors | 06/05/2023

Swap Connect will allow overseas investors to trade in Mainland interest rate swap contracts on CFETS via Tradeweb and Bloomberg.

Enforcement

Goldman Under Probe for Possible Role in SVB Collapse

By Editors | 05/05/2023

Goldman Sachs said it is cooperating with governmental bodies in connection with their investigations and inquiries into SVB.

Market Infrastructure

PNGX Set to Adopt New Listing Rules, T+2 Settlement Cycle

By Sanday Chongo Kabange | 04/05/2023

The new listing rules will take effect in July, at the same time PNGX moves from a T+3 to T+2 settlement cycle.

Capital / Liquidity

ASEAN+3 Ministers Work to Bolster Regional Safety Net

By Editors | 04/05/2023

CMIM guidelines were updated to allow members to provide liquidity support in their own domestic currency and the local currencies of other members.

Enforcement

Australia Court Sentences ‘Finfluencer’ for Manipulation

By Editors | 04/05/2023

This is the first time a person has been sentenced under a provision of the Corporations Act that covers the dissemination of information about illegal transactions.

AML / KYC

Sydney Roundtable: More AML Guidance Needed for Capital Markets

By Manesh Samtani | 04/05/2023

Roundtable participants said there is often little attention being paid to money laundering risks by capital market practitioners in Australia.