Markets & Infrastructure

Conduct, Culture & Accountability

Korea Set to Implement New Responsibility Mapping System

By Manesh Samtani | 11/06/2024

Financial holding companies and banks with assets over KRW 5 trillion must submit responsibility maps by 2 July 2026.

Trading & Investment

HSBC Completes Acquisition of Citi’s China Wealth Business

By Editors | 11/06/2024

HSBC has completed the acquisition of Citigroup’s mainland retail wealth management portfolio, a deal that was announced last October.

Trading & Investment

SEBI Proposes to Relax Mutual Fund Rules on Trading CDS

By Ajoy K Das | 11/06/2024

SEBI proposes to allow mutual funds to buy and sell credit default swaps up to 10 percent of their assets under management.

Trading & Investment

Korea: Short Selling Monitoring System To Be Ready in March 2025

By Sanday Chongo Kabange | 11/06/2024

South Korea’s ban on short selling can only be lifted after the new Naked Short Selling Detection System is in place.

Supervision & Enforcement

Industry Body Sues US SEC for Records on WhatsApp Probe

By Editors | 11/06/2024

The American Securities Association seeks to force the SEC to disclose information that was considered when determining the penalties.

CBDCs

HSBC China Launches e-CNY Services for Corporate Clients

By Sanday Chongo Kabange | 11/06/2024

HSBC China has become one of the first foreign banks in the country to provide digital yuan services to both corporate and retail customers.

Alternative Markets

RBI Relaxes Rules on Investment in Overseas Funds

By Ajoy K Das | 11/06/2024

The amendments allow investment in funds whose managers are regulated, rather than the fund itself, such as in Singapore and the US.

Fraud, Scams & Cybercrime

UK PSR Rejects Calls to Delay Fraud Reimbursement Rules

By Editors | 11/06/2024

Interim head of the PSR, David Geale, said there was a need to “act quickly” on APP fraud and that the new rules would be introduced in October as planned.

Payments & Settlements

India, Peru Sign Agreement to Develop Instant Payments

By Ajoy K Das | 10/06/2024

NPCI’s international arm signed an agreement with Peru’s central bank to develop a fast payment system similar to India’s UPI.