Markets & Infrastructure

Structural Regulation

Australia to Expand AFCA Remit to Superannuation

By Sanday Chongo Kabange | 25/05/2023

Proposed changes will allow AFCA to hear complaints relating to superannuation whether or not they meet the definition of superannuation complaint in the Corporations Act.

Conduct, Culture & Accountability

First Citizens Sues HSBC for Hiring Ex-SVB Employees

By Sanday Chongo Kabange | 25/05/2023

First Citizens says a former SVB executive moved to HSBC and executed a scheme to “plunder” trade secrets.

Market Abuse

Global Banks Under Probe for Breaking UK Competition Law

By Editors | 25/05/2023

The CMA “provisionally” found that five global banks broke competition law in the aftermath of the global financial crisis.

Clearing & Post-Trade

DTCC, Nomura Partner to Enhance Post-Trade Efficiency in Japan

By Mark Johnston | 25/05/2023

Through the collaboration, DTCC and Nomura Research Institute will streamline and enhance the post-trade process, enabling shorter settlement times and increased efficiency.

Structural Regulation

HSBC Planning Exit from Up to a Dozen Markets – Report

By Editors | 25/05/2023

It is not yet known which jurisdictions HSBC is considering exiting, but they are understood to be relatively small markets that may have underperformed.

Trading & Investment

SEBI Proposes to Cut IPO Listing Timelines in Half

By Mark Johnston | 24/05/2023

The proposal is expected to improve the efficiency and transparency of the IPO process and provide faster access to capital.

Payments & Settlements

ASX Confirms Plans to Ramp Up Industry Testing Exercises

By Ranamita Chakraborty | 24/05/2023

ASX will increase the number of BCP events to two per year. All participants are expected to attend. The next BCP event is on 3 June.

Cryptocurrency

Malaysia SC Orders Crypto Firm Huobi to Cease Local Operations

By Ranamita Chakraborty | 24/05/2023

Huobi is directed to stop advertising to Malaysian investors and to remove its app from local app stores.

Structural Regulation

China’s Tech Sector to See Fewer, but Not Zero, Regulatory Actions

By Jill Wong | 24/05/2023

While the worst of the regulatory action against the tech sector is over, S&P Global Ratings expects more regulatory actions in the foreseeable future.