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Markets & Infrastructure
Market Abuse
Goldman Under Probe for Possible Role in SVB Collapse
By Editors | 05/05/2023
Goldman Sachs said it is cooperating with governmental bodies in connection with their investigations and inquiries into SVB.
Structural Regulation
India Asks State Lenders to Bring Overseas Business to GIFT City
By Editors | 05/05/2023
India’s government has asked public sector banks to explore consolidating the business they conduct through overseas branches to GIFT City.
Payments & Settlements
India, Russia Suspend Efforts to Enable Trade via Rupees – Report
By Editors | 05/05/2023
Russia is reportedly concerned that a rupee settlement mechanism could cause it to end up with a large rupee surplus which is “not desirable”.
Conduct, Culture & Accountability
CFTC Suspends Longest Serving Inspector General for Misconduct
By Editors | 05/05/2023
An oversight body for inspectors general found that Roy Lavik wasted government funds, revealed the identities of whistleblowers, and disparaged employees.
Data Privacy
Chinese Firms Block Overseas Access to Corporate Data – Reports
By Editors | 05/05/2023
Wind Information Co has cut off access to databases containing information about companies’ shareholders, ultimate controllers, affiliates, and other data.
Payments & Settlements
RBI, BIS Launch G20 TechSprint Focusing on Cross-border Payments
By Editors | 05/05/2023
The 2023 TechSprint will focus on technology solutions to address illicit finance risk, FX and liquidity solutions, and technology for CBDC platforms.
Structural Regulation
ASIC Uncovers Widespread Noncompliance With DDO Rules
By Sanday Chongo Kabange | 04/05/2023
ASIC deputy chair Karen Chester said closer scrutiny of how product issuers are meeting their design and distribution obligations is coming.
Structural Regulation
PNGX Set to Adopt New Listing Rules, T+2 Settlement Cycle
By Sanday Chongo Kabange | 04/05/2023
The new listing rules will take effect in July, at the same time PNGX moves from a T+3 to T+2 settlement cycle.
Emerging Prudential Risks
ASEAN+3 Ministers Work to Bolster Regional Safety Net
By Editors | 04/05/2023
CMIM guidelines were updated to allow members to provide liquidity support in their own domestic currency and the local currencies of other members.
Supervision & Enforcement
Australia to Align Timing of Super Payments With Wages
By Editors | 04/05/2023
Currently, employers pay superannuation quarterly, even though employees are paid in fortnightly or monthly pay cycles.
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