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Markets & Infrastructure
Market Abuse
Korea Fines BNP Paribas, HSBC $20.4m for Illegal Short Selling
By Editors | 26/12/2023
The FSC said the naked short-selling transactions lasted for months and were thus were “viewed as not inadvertent but intentional.”
Conduct, Culture & Accountability
India’s NFRA Detects Deficiencies in Big Four Audit Processes
By Ajoy K Das | 26/12/2023
The National Financial Reporting Authority published inspection reports of BSR & Co, Deloitte Haskins & Sells, SRBC & Co and Price Waterhouse Chartered Accountants.
Trading & Investment
Japan Prepares to Launch ‘Asset Management Forum’
By Editors | 26/12/2023
A committee has been established to plan the launch of a new platform to promote Japan’s asset management industry internationally.
Payments & Settlements
SEBI Consults on Introducing Same Day Settlement of Equity Trades
By Ajoy K Das | 26/12/2023
The consultation paper proposes that T+0 settlement would be optional alongside the existing T+1 settlement system.
Structural Regulation
RBI Issues Draft Framework for SROs of Regulated Entities
By Ajoy K Das | 23/12/2023
The framework sets out the responsibilities of SROs, expectations on governance, and eligibility criteria for recognition as SROs.
Structural Regulation
SFC Updates Guidance to Streamline Approval Processes for Funds
By Editors | 23/12/2023
The streamlined measures will enhance the operational efficiency and approval processes of SFC-authorised funds.
Cryptocurrency
FSC Korea Issues New Accounting Guidelines for Crypto Assets
By Manesh Samtani | 22/12/2023
Crypto exchanges that have control over customer assets must account for them separately as assets and liabilities.
Structural Regulation
UK, Switzerland to Mutual Recognise Financial Services Laws
By Editors | 22/12/2023
For certain sectors, UK financial services firms will be able to serve clients in Switzerland while largely following UK rules, and vice versa.
Trading & Investment
SEBI, NSE, NSDL Face $172m Liability Following SAT Ruling
By Ajoy K Das | 22/12/2023
A Securities Appellate Tribunal decision may require SEBI, NSE and NSDL to compensate banks that lent to Karvy Stock Broking.
Payments & Settlements
RBA Sets Expectations for Enhanced Debit Card Market
By Sanday Chongo Kabange | 22/12/2023
The RBA wants all industry participants to support token portability and token synchronisation by June 2025.
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