Markets & Infrastructure

Market Data & Technology

CSRC Consults on Draft Rules for Hosted Facilities for Trading

By Editors | 27/04/2023

Securities and futures exchanges must ensure fairness and reasonableness in terms of latency, resource allocation and guarantees, and service agreements, among other areas.

Market Data & Technology

Cboe Global Markets Unveils New 1-Day Volatility Index

By Manesh Samtani | 27/04/2023

The VIX1D measures the expected “current trading day” volatility of the S&P 500 Index, whereas the existing VIX Index reflects expected volatility 30 days out.

Market Abuse

SFC Bans Another Ex-Convoy Licensee Over Manipulation Scheme

By Editors | 26/04/2023

Peter Law convinced clients to buy and hold a stock that was being manipulated by collaborators in exchange for a commission.

Market Abuse

CFTC Fines Mizuho Capital Markets for Swaps Conduct Failures

By Editors | 26/04/2023

Mizuho Capital Markets engaged in anticipatory hedges of deal-contingent FX forwards without appropriate disclosure to customers.

Resolution & Recovery

Singapore Retail Investors Underrepresented in Bond Restructuring

By Manesh Samtani | 26/04/2023

The Law Reform Committee of the Singapore Academy of Law proposes reforms to improve Singapore’s framework for bond restructuring.

Payments & Settlements

New York Fed Tightens Rules on Access to Reverse Repo Facility

By Editors | 26/04/2023

The tighter requirements are said to be aimed at preventing stablecoin issuers from parking their reserves at the Fed.

Cryptocurrency

Binance.US Cancels Deal to Acquire Voyager Digital

By Editors | 26/04/2023

The DOJ indicated earlier this week that it was prepared to allow the deal to proceed. Binance.US had the right to cancel if the deal was not closed by 18 April.

Cryptocurrency

Coinbase Asks US Court to Compel SEC to Provide Regulatory Clarity

By Editors | 26/04/2023

Coinbase is asking the court to compel the SEC to a respond to petition filed last year, which asked the regulator to propose and adopt rules for the digital assets sector.

Fraud, Scams & Cybercrime

HKMA Sets Loss-Sharing Expectations for Payment Card Fraud

By Manesh Samtani | 26/04/2023

To the extent that the cardholders have not acted fraudulently or with gross negligence, they “should not be held liable for the unauthorised transactions”.