Markets & Infrastructure

Payments & Settlements

FSB Identifies Data-related Challenges in Cross-Border Payments

By Mark Johnston | 26/09/2023

The FSB is developing recommendations to promote alignment and interoperability across data frameworks applicable to cross-border payments.

Payments & Settlements

WEF Paper Proposes Four Actions to Enhance Cross-Border Payments

By Mark Johnston | 26/09/2023

The paper says improving regulatory interoperability can improve the efficiency, security and inclusiveness of cross-border payments, benefiting businesses and individuals.

Trading & Investment

SEBI to Ease Debt Fundraising Rules for Large Corporates

By Mark Johnston | 26/09/2023

SEBI will remove the penalty for non-compliance with the requirement to raise 25 percent of their incremental borrowings through corporate bonds.

Trading & Investment

CSRC Probes Hedge Funds, Brokers Over Quant Strategies – Report

By Sanday Chongo Kabange | 25/09/2023

The CSRC is seeking information on the trading strategies and short-selling activities of quant funds, and their impact on the stock market.

Trading & Investment

HKMA Designates New Market Makers for Southbound Bond Connect

By Sanday Chongo Kabange | 25/09/2023

The new designations bring the total number of designated market makers for Southbound Bond Connect trading from 13 to 22.

Market Abuse

US Cities Obtain Green Light to Pursue Class Action Against Eight Banks

By Editors | 24/09/2023

Eight US banks are accused of conspiring to artificially inflate the interest rates on debt securities between 2008 and 2016.

Conduct, Culture & Accountability

SEC Fines Goldman for Submitting Inaccurate Securities Trading Data

By Sanday Chongo Kabange | 24/09/2023

Goldman Sachs has agreed to USD 6 million for submitting deficient submissions that included missing or inaccurate trade data for at least 163 million transactions.

Clearing & Post-Trade

OCBC Joins LCH SwapClear and HKEX’s OTC Clear

By Sanday Chongo Kabange | 24/09/2023

Direct clearing membership with LCH SwapClear and OTC Clear will help lower costs and enable better hedging tools for investors.

Cryptocurrency

Thailand to Tax Foreign Income of Residents from 2024

By Mark Johnston | 24/09/2023

The new policy targets residents who trade in foreign stock markets, cryptocurrencies, or keep their earnings in offshore accounts.