Markets & Infrastructure

Clearing & Post-Trade

LME Approves Hong Kong as a Metals Warehouse Location

By Sanday Chongo Kabange | 21/01/2025

The approval of Hong Kong as a warehouse location aligns with the city’s efforts to bolster its role in global commodities trading

Cloud & Infrastructure

Korea FSS Issues Guidance on Financial Reporting in XBRL Format

By Editors | 21/01/2025

The FSS is progressively expanding the use of XBRL for financial reporting but has identified some deficiencies in XBRL submissions

Structural Regulation

China to Cut Salaries in Half at Top Regulatory Bodies – Report

By Manesh Samtani | 21/01/2025

Officials at the PBOC, NFRA and CSRC will face pay cuts of between 40-60% as part of an overhaul of China’s regulatory system announced in 2023.

Structural Regulation

UK FCA Commits to Relaxing Rules to Drive Economic Growth

By Thisanka Siripala | 21/01/2025

FCA Chief Executive Nikhil Rathi said the regulator will make growth will be a fundamental pillar of its strategy through to 2030

Structural Regulation

US DOJ Sues KKR For Violating Pre-merger Review Law

By Nithya Subramanian | 21/01/2025

Investment firm KKR allegedly breached the law at least 16 times through document omissions, alterations, and failures to report deals

Structural Regulation

ASIC Calls on BNPL Providers to Act Early to Secure Licence

By Sanday Chongo Kabange | 21/01/2025

A law passed in December requires BNPL providers to have a licence by 10 June 2025, subject to transitional arrangements

Conduct, Culture & Accountability

IESBA to Develop New Governance Framework for Accounting Firms

By Thisanka Siripala | 21/01/2025

The framework will be designed to promote, support and reinforce a high standard of ethical behaviour at accounting firms

Sustainable Finance

SC Malaysia Launches Social Exchange Pilot Programme

By Nithya Subramanian | 21/01/2025

During the pilot phase, five NGOs will assist the Securities Commission in developing a regulated fundraising platform for social projects.

Cryptocurrency

Donald Trump Has Been Sworn in as US President

By Manesh Samtani | 21/01/2025

Executive orders were signed to withdraw the US from the Paris Climate Agreement and to delay enforcement of the TikTok ban