Markets & Infrastructure

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    Structural Regulation

    FSC Korea to Lower Regulatory Burden for Firms Seeking M&A

    By Sanday Chongo Kabange | 09/05/2023

    The FSC will ease requirements on potential buyers to prove their financial capacity and set up facilities to help finance M&A activity.

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    Market Abuse

    US Authorities Investigating Short Sales of Banking Stocks

    By Editors | 09/05/2023

    SEC chair Gary Gensler said the agency would go after any form of misconduct that might threaten investors or markets.

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    Trading & Investment

    HSBC Strikes Deal to Buy Out China Fund Management JV

    By Editors | 09/05/2023

    HSBC has reportedly signed an agreement to raise its stake in the joint venture from  49 to 100 percent, subject to regulatory approval and other conditions.

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    Cybersecurity

    BIS to Test Quantum Resistant IT Environments for Financial System

    By Editors | 09/05/2023

    “Project Leap” will test the ability of a quantum-resistant algorithm to maintain the confidentiality of payment messages transmitted between Banque de France and Deutsche Bundesbank.

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    Conduct, Culture & Accountability

    ASIC Revises Implementation Approach for IDR Data Reporting

    By Sanday Chongo Kabange | 08/05/2023

    97 large financial firms started reporting IDR data early this year. 260 firms will have to start reporting by August 2023. The remaining firms will have until 29 February 2024.

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    Payments & Settlements

    Indonesia, Malaysia Expand Cross-Border QR Payment Link

    By Editors | 08/05/2023

    The linkage will provide “faster, cheaper, more transparent and more inclusive cross-border payments”, said Bank Indonesia governor Perry Warjiyo.

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    Cryptocurrency

    US SEC Ordered to Respond to Coinbase Petition Within 10 Days

    By Editors | 08/05/2023

    The SEC must indicate whether or not it will provide formal rule-making for the digital assets sector, and the reasons for its decision.

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    Supervision & Enforcement

    Singapore Lays Three More Charges Against Hyflux Founder

    By Editors | 07/05/2023

    Singapore’s Public Accountants Oversight Committee has also issued orders against Hyflux auditors from KPMG LLC for five years of financial statements.

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    Market Abuse

    UK FCA Fines Banque Havilland for Alleged Manipulative Trading

    By Sanday Chongo Kabange | 06/05/2023

    Banque Havilland employees including the CEO created and distributed a document containing “manipulative trading strategies” aimed at harming Qatar’s economy.

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    Clearing & Post-Trade

    Regulators Announce 15 May Launch Date for Swap Connect

    By Editors | 06/05/2023

    Swap Connect will allow overseas investors to trade in Mainland interest rate swap contracts on CFETS via Tradeweb and Bloomberg.

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