Markets & Infrastructure

Structural Regulation

LBMA to Probe Perth Mint ‘Gold Doping’ Allegations

By Editors | 14/03/2023

Adverse findings under LBMA’s incident review process can result in refiners being struck off the Good Delivery List.

PEPs & Sanctions

Cuban Banks Have Adopted Russia’s Mir Card Scheme

By Editors | 14/03/2023

ATMs now display the logo of the Mir payment system and provide an option to withdraw funds in Cuban pesos from cards issued by Russian banks.

Fraud, Scams & Cybercrime

Chinese Bourses Look to Tech to Combat Fraud in Markets

By Editors | 13/03/2023

The SZSE has been testing technology from an analytics firm to detect fraud and vet listings, while the SSE is proposing the use of big data and AI.

Emerging Prudential Risks

Australia to Commence Review of Managed Investment Schemes

By Editors | 13/03/2023

The review will consider enhancements to the MIS framework to identify gaps and reduce undue financial risk for investors.

Clearing & Post-Trade

HK to Amend Clearing Rules to Account for IBOR Reforms

By Editors | 13/03/2023

Mandatory clearing will be required for certain OTC transactions referencing ARRs rather than for those referencing IBORs that are being discontinued.

Structural Regulation

Korea FSC to Further Enhance Interest Rate Disclosures by Banks

By Editors | 12/03/2023

Banks will be required to disclose their interest rates based on their balance of lending and deposits, which will show the profitability of each bank.

Trading & Investment

RBI Calls for Fair Pricing, Transparency in FX Market

By Editors | 11/03/2023

The RBI has urged banks and FEDAI to ensure fair and transparent pricing for MSMEs and retail customers in the FX market.

Emerging Prudential Risks

Citi Warns of Potential for Russia to Weaponise Metal Exports

By Mark Johnston | 10/03/2023

Analysts worry that Russia could retaliate to new US tariffs on imports of Russian aluminium by banning nickel and palladium shipments.

Structural Regulation

Credit Suisse Approved to Launch China Wealth Management Business

By Editors | 10/03/2023

Credit Suisse has received investment consultancy and proprietary trading licences, and an expansion of its brokerage licence.