Markets & Infrastructure

Cloud & Infrastructure

ASIC Appoints New CEO to Spearhead Next Phase of Transformation

By Thisanka Siripala | 17/01/2025

Starting 17 March 2025, ASIC’s new CEO will be Scott Gregson, who has been at the ACCC for nearly 30 years and currently serves as its CEO.

Supervision & Enforcement

SFC, HKEX Take Joint Action Against Listed Company, Former Directors

By Sanday Chongo Kabange | 17/01/2025

The SFC and HKEX said the former directors of mobile gaming company FingerTango misused IPO proceeds after the company went public in 2018

Payments & Settlements

PBOC Governor Talks Up Mainland and Hong Kong Markets

By Manesh Samtani | 17/01/2025

Pan Gongsheng said risks in China’s property market have receded and the Mainland will further boost connectivity with Hong Kong

Payments & Settlements

HSBC Rolls Out Cross-currency Netting in Mainland China

By Editors | 17/01/2025

Korean multinational company Philips has become the first to adopt the solution, enabling it to streamline processes, lower costs, and unlock working capital

Structural Regulation

China Tightens Rules on Intermediary Services for Public Stock Offerings

By Mark Johnston | 17/01/2025

Underwriters and sponsors cannot base their fees on the results of a public stock offering or increase fee ratios based on issuance scale.

Conduct, Culture & Accountability

UK Activist Investor Calls OCBC-Great Eastern Deal “Gravely Unfair”

By Nithya Subramanian | 17/01/2025

Palliser Capital reportedly wrote to MAS and SGX asking them to intervene in the takeover of Great Eastern by OCBC.

Supervision & Enforcement

US OCC Fines Three Former Wells Fargo Execs for Misconduct

By Thisanka Siripala | 17/01/2025

The OCC’s penalties conclude enforcement proceedings against the last of 11 individuals involved in the fake-accounts scandal.

Custody & Infrastructure

Canton Network Initiates Collateral Management Project for Crypto Derivatives

By Manesh Samtani | 17/01/2025

The project is being launched in partnership with Digital Asset and QCP to address collateral management inefficiencies in the crypto derivatives market

Clearing & Post-Trade

JSCC to Adopt Standardised Framework for Regulatory Reporting

By Thisanka Siripala | 17/01/2025

JSCC will start using ISDA’s Digital Regulatory Reporting for reporting to the FSA and CFTC starting in June.