Markets & Infrastructure

Cryptocurrency

IOSCO Pledges to Deliver Sustainable Finance & Crypto Work in 2023

By Manesh Samtani | 06/04/2023

Under its new two-year work programme, IOSCO will issue a consultation on crypto asset regulation in H1 2023, and on DeFi regulation in Q3.

Cryptocurrency

UPDATED – Binance Faces Added Regulatory Pressures Amid CFTC Charges

By Editors | 05/04/2023

Dubai’s VARA is asking Binance for more information. ASIC is meanwhile reviewing Binance’s Australia derivatives business and has cancelled its licence.

Trading & Investment

FDIC Retains BlackRock Unit to Sell SVB, Signature Bank Securities

By Editors | 05/04/2023

The FDIC retained BlackRock Financial Market Advisory to sell about $114bn in securities. Signature Bank loans still in receivership will be marketed “later this summer”.

Structural Regulation

Industry Bodies Say EU BMR Presents ‘Cliff-edge Risks’

By Editors | 05/04/2023

Industry bodies say only benchmarks designated as systemically important should be in scope of BMR for mandatory compliance.

Market Data & Technology

JPX Launches Paid Data Service for Retail Investors

By Editors | 05/04/2023

The paid version of the J-Quants API includes datasets that were “highly requested” by users of the beta service.

Structural Regulation

Australia Proposes Revised Tax Model for Superannuation

By Editors | 05/04/2023

The proposed model will increase the tax rate for earnings from superannuation balances that exceed A$3mn.

Anti-Bribery & Corruption

ICAC Concludes First Training Day for Banks on Corruption Risk

By Sanday Chongo Kabange | 05/04/2023

Acting ICAC Commissioner Ricky Yau said the training programme is aimed at enhancing banking sector standards on preventing corruption risk.

Fraud, Scams & Cybercrime

Germany Bans EY for Two Years Over Wirecard Audits

By Editors | 04/04/2023

Germany’s auditor regulator also fined the company €500,000, and five of its current and former auditors between €23,000 and €300,000.

Structural Regulation

Korea Finalises Reforms to Introduce Mandatory English Disclosures

By Editors | 04/04/2023

KOSPI-listed firms with KRW 10 trillion in assets will be required to disclose material information in English from 2024. Firms with KRW 2 trillion in assets must do the same from 2026.