Markets & Infrastructure

CBDCs

China Expands CBDC Usage to Investment and Capital Markets

By Mark Johnston | 30/05/2023

A project by Galaxy Securities and ICBC to use CBDC for investments is included in Beijing’s capital market fintech innovation trials.

Conduct, Culture & Accountability

PwC Australia Announces Removal of Nine Partners

By Sanday Chongo Kabange | 30/05/2023

PwC Australia has directed nine partners to go on leave pending the outcome of an investigation into the leak of confidential government information.

Conduct, Culture & Accountability

SEBI Proposes to Strengthen Investor Grievance Handling Process

By Ranamita Chakraborty | 29/05/2023

SEBI is seeking to streamline the complaints redressal process and introduce a two-tier review system.

Conduct, Culture & Accountability

Temasek Cuts Pay of Investment Team After FTX Losses

By Karen Ng | 29/05/2023

Temasek said members of its investment team took collective accountability for the investment in FTX and hence took a pay cut.

Structural Regulation

EU Commission Grants Antitrust Approval for UBS-Credit Suisse Merger

By Editors | 29/05/2023

The UBS acquisition of Credit Suisse has been approved in the EU, but is being complicated in China by regulatory requirements.

Trading & Investment

CSRC Confirms Plans to Open More Futures Products to Foreign Investors

By Editors | 29/05/2023

Vice chairman Fang Xinghai said the CSRC plans to open more futures products to overseas investors and attract more foreign institutions to participate in the futures market.

Structural Regulation

CSRC Allows Morgan Stanley to Fully Own Futures Unit

By Editors | 28/05/2023

The new unit will be the second futures business in China to be wholly owned by a foreign bank, after JPMorgan Chase won a similar approval in 2020.

Clearing & Post-Trade

CCP Margin Models Lack Transparency, Predictability – Report

By Manesh Samtani | 27/05/2023

New BCBS-CPMI-IOSCO report examines the impact of CCP margin models on market participants in the aftermath of Russia’s invasion of Ukraine last year.

Cryptocurrency

ESMA Warns of Crypto Mis-selling by EU Investment Firms

By Mark Johnston | 26/05/2023

ESMA says firms should now use their regulatory status for traditional finance as a marketing tool to promote crypto investments.