Jurisdictions

The CFTC's order was issued to "protect the derivatives markets and market participants" after three portfolio managers made fraudulent representations to investors for several years.

SVB and its private bank may be sold separately. First Citizens BancShares, Apollo Global Management, and a group of VC firms are considering bids.

Between October and February, 80 virtual asset-related companies have expressed interest in establishing a presence in Hong Kong.

A Bithumb executive, former Coinone employee, and other crypto exchanges are said to have illegally listed crypto tokens on their platforms.

This marks a significant milestone for the payments industry and the start of a coexistence period until November 2025, Swift said.

The new T2 system comprises an RTGS system, a central liquidity management tool, and leverages the ISO 20022 message standard.

The FSC will focus on the segregation of customer assets at crypto exchanges, the supervision of token listings, and customer protection.

US Treasury Secretary Janet Yellen suggested further action could be taken, if needed, to protect other institutions that suffer deposit runs.

JBATA has finalised the fallback provisions for cash products referencing JPY TIBOR or Euroyen TIBOR. The changes will take effect on 1 April.

Chinese regulators are concerned that a substantial portion of GDRs are bought by domestic investors, who later exploit home market price differences.