Markets & Infrastructure

Payments & Settlements

CPMI Issues New Report on Interlinking Fast Payment Systems

By Thisanka Siripala | 24/02/2025

The report says linking FPS is a priority for the G20, and that several FPS operators have expressed interest in establishing interlinking arrangements.

Cryptocurrency

US SEC Dropping Cases Against Coinbase, OpenSea

By Thisanka Siripala | 24/02/2025

Coinbase said this is not just a victory for the company, but also for its customers, the US, and “individual freedom”.

Fraud, Scams & Cybercrime

South Korea’s Kyongnam Bank Fined $2.8m for Accounting Violation

By Thisanka Siripala | 24/02/2025

The fine is linked to an embezzlement scandal involving a former bank executive recently sentenced to 35 years in jail.

Structural Regulation

Taiwan Reconsiders 30pc Single Stock Weight Cap for ETFs

By Nithya Subramanian | 24/02/2025

With TSMC now accounting for 37% of the Taiex, regulators are considering lifting the 30% cap on a single stock’s weighting in index-tracking ETFs.

Trading & Investment

Short-selling Should be Allowed on More Stocks: FSS Head

By Thisanka Siripala | 24/02/2025

As Korea prepares to resume short-selling, FSS Governor Lee Bok-hyun said investor confidence would improve if short-selling was allowed on a broader range of stocks.

Market Abuse

UK CMA Fines Banks $132m for Anti Competitive Conduct

By Thisanka Siripala | 24/02/2025

Citigroup, HSBC, Morgan Stanley, and RBC were fined. Deutsche Bank also participated but was granted immunity for reporting the misconduct.

Conduct, Culture & Accountability

Federal Court Orders AustralianSuper to Pay A$27m Penalty

By Thisanka Siripala | 24/02/2025

AustralianSuper failed to merge duplicate accounts, resulting in members incurring redundant administration fees, insurance premiums, and lost investment earnings.

Payments & Settlements

China Allows Hong Kong and Macau Banks to Offer Card Services

By Mark Johnston | 24/02/2025

Mainland branches of Hong Kong and Macau banks will be permitted to offer card services to individual customers, government departments, and corporate clients.

Clearing & Post-Trade

UK Holds Launch Event for Transition to T+1 Settlement

By Nithya Subramanian | 23/02/2025

The BOE estimates the move to T+1 will free up GBP 1 billion of margin currently held at CCPs, which can be repurposed to “more productive uses”.