Markets & Infrastructure

Market Abuse

JPMorgan to Pay Penalty to 3rd Regulator in Surveillance Case

By Nithya Subramanian | 03/05/2024

Following fines from the OCC and Fed announced in March, JPM said it has to pay $100m to a third regulator, identified in reports as the CFTC.

Structural Regulation

SEBI Allows NRIs, OCIs to Fully Own GIFT City FPIs Entities

By Ajoy K Das | 03/05/2024

Non-resident Indians and overseas citizens of India will be allowed to own up to 100 percent in FPIs, compared to just 50 percent previously.

Operational Risk

DBS Experiences Disruption Days After MAS Lifts Restrictions

By Nithya Subramanian | 03/05/2024

Customers of the Singapore bank experienced internet banking and payment services disruptions for more than two hours on Thursday.

Emerging Prudential Risks

Australia Publishes Details on Reforms to Foreign Investment Regime

By Sanday Chongo Kabange | 03/05/2024

Greater scrutiny will apply to foreign investments in sensitive sectors. Passive investors with a strong track record would receive less scrutiny.

Operational Risk

RBI Updates Expectations on Operational Risk Management

By Ajoy K Das | 03/05/2024

The updated guidance note better aligns with the BCBS principles and extends applicability to regulated entities beyond just banks.

Trading & Investment

Korea FSC Unveils Draft Guidelines for “Value-up” Programme

By Manesh Samtani | 03/05/2024

The programme is designed to encourage listed companies to improve corporate governance, long term value creation, and shareholder returns.

Fraud, Scams & Cybercrime

NZ Banks Set to Start ‘Confirmation of Payee’ Implementation

By Sanday Chongo Kabange | 03/05/2024

NZBA has identified a preferred provider for the service and will soon start the technical build for the payments system.

PEPs & Sanctions

Russian Court Cancels Part of JPMorgan Freeze Order

By Editors | 03/05/2024

The majority of JPMorgan’s funds in Russia cannot be seized as they are held in so-called “type C” accounts.

Structural Regulation

RBI Issues Draft Framework for Electronic Trading Platforms

By Ajoy K Das | 02/05/2024

ETPs operated from outside India by an operator incorporated outside India may seek authorisation to provide platform access to Indian residents.