Markets & Infrastructure

AI Risk & Governance

Generative AI’s Growing Impact on Capital Markets

By Ranamita Chakraborty | 04/10/2023

Panellists at the ASIFMA Tech & Ops Conference discussed the key applications of generative AI in capital markets and strategies for addressing risks.

Conduct, Culture & Accountability

ASIC Sues Cigno, BSF Solutions Over Unlicensed Credit Offerings

By Sanday Chongo Kabange | 04/10/2023

Cigno Australia and BSF Solutions used a credit model that subjected some consumers to fees of more than 600% of their total loan amount.

Trading & Investment

Philippine Stock Exchange Issues Final Short Selling Guidelines

By Sanday Chongo Kabange | 04/10/2023

The PSE said the SEC and BIR approved critical components of SBL transactions. A separate announcement will be made about the official launch date.

Cryptocurrency

MAS Grants Major Payments Institution Licence to Ripple

By Editors | 04/10/2023

Ripple received its in-principle approval from MAS just four months ago in June 2023. Singapore is the company’s Asia Pacific headquarters.

Conduct, Culture & Accountability

Barclays to Appeal India Whistleblower Retaliation Ruling

By Mark Johnston | 03/10/2023

Barclays is appealing an Indian court order that found it had violated its whistleblowing policy and retaliated against a former IT manager.

Market Abuse

CFTC Fines Goldman for Failing to Prevent Disruptive Trading

By Mark Johnston | 03/10/2023

Goldman’s surveillance was not properly monitoring for disruptive trading and its preventative control to suspend such trading malfunctioned.

Conduct, Culture & Accountability

APRA, ASIC Publish New Guidance for Financial Accountability Regime

By Sanday Chongo Kabange | 03/10/2023

The new information package includes guidance for banks on transitioning to the FAR, including a template for producing accountability statements.

Structural Regulation

CFTC Fines Three Major FIs for Swap Reporting and Other Violations

By Mark Johnston | 03/10/2023

Affiliates of Goldman Sachs, JP Morgan, and Bank of America were fined a total $53mn for violating rules for swap dealers.

Trading & Investment

Bursa Malaysia Extends Derivatives Partnership With CME Group

By Editors | 03/10/2023

Under the extension, Bursa Malaysia Derivatives contracts will continue to be hosted on CME Globex until September 2028.