Markets & Infrastructure

Cryptocurrency

Binance.US Struggling to Secure Banking Services – Report

By Mark Johnston | 08/04/2023

Binance.US previously relied on either Signature Bank or Silvergate Capital to handle its customers’ cash deposits.

Market Data & Technology

SET to Streamline Market Data Licensing Processes

By Editors | 07/04/2023

The Stock Exchange of Thailand has partnered with DataBP to launch a new online platform that will simplify reporting and standardise market data administration.

Payments & Settlements

RBI Scraps Plans to Allow Firms to Develop UPI Alternative

By Editors | 07/04/2023

RBI deputy governor T Rabi Sankar says ‘new umbrella entity’ applicants did not propose solutions that were particularly innovative.

Trading & Investment

US SEC Asked for Views on Whether Loans are Securities

By Mark Johnston | 07/04/2023

Court’s request for SEC’s view has sparked concerns of increased regulation pressure on loan market.

Structural Regulation

FSC Korea Finalises New Rules for Convertible Preference Shares

By Editors | 07/04/2023

The rules were amended to prevent large shareholders from using (redeemable) convertible preference shares to dilute small shareholders.

Structural Regulation

CSRC Proposes to Update Rules for Securities Firms

By Manesh Samtani | 06/04/2023

The rules focus on risk prevention and internal governance, and now also cover underwriting, sponsorship, market making and OTC business activities.

Conduct, Culture & Accountability

SEBI Issues New Advertising Rules for Advisers, Analysts

By Editors | 06/04/2023

SEBI’s new rules seek to curb misleading investment advertisements and address the use of unregistered brand names, trade names and logos.

Market Abuse

ICBC Under Probe for Underwriting, Bond Pricing Practices

By Editors | 06/04/2023

The pricing of debt financing instruments underwritten by ICBC “seriously deviated from the reasonable level of the market” and “disturbed the market order”.

Clearing & Post-Trade

UBS Executes Cross-border Intraday Repo on Broadridge Blockchain Platform

By Editors | 06/04/2023

Intraday repo provides a more efficient means of managing liquidity, while also providing additional funding flexibility and reducign operational risk.