Markets & Infrastructure

Cryptocurrency

FTX’s Alameda Sues Grayscale for Trapped Crypto Assets

By Manesh Samtani | 08/03/2023

Alameda accuses Grayscale and its owner Digital Currency Group of “brazen abuse” of their control over nearly USD 19 billion of digital assets held in two trusts.

Trading & Investment

LME Facing Three New Lawsuits Over Cancelled Nickel Trades

By Editors | 08/03/2023

In one new lawsuit, AQR Capital Management and four other hedge funds are claiming almost $100mn in damages.

Structural Regulation

China Plans Structural Overhaul of Financial Sector Regulators

By Editors | 08/03/2023

A new national financial regulatory authority will be established, absorbing the CBIRC and taking over some functions from the PBOC and CSRC.

PEPs & Sanctions

Russia Extends Restrictions on FX Withdrawals, Overseas Transfers

By Editors | 08/03/2023

The restrictions are being preserved due to the sanctions that prohibit Russian financial institutions from buying western countries’ cash, the central bank said.

Sustainable Finance

GASLA Issues Updated Framework for ESG and Securities Lending

By Editors | 08/03/2023

The updated framework provides offers guidance to help financial institutions evaluate securities lending in the context of their ESG policies.

Conduct, Culture & Accountability

SEBI Cautions Mutual Funds Against Misleading Ads

By Editors | 07/03/2023

Some mutual funds are leading investors to believe they will receive fixed returns, and projecting high returns based on past performance.

Structural Regulation

HKEX Identifies Compliance Deficiencies at Some Firms

By Editors | 07/03/2023

Participants should review their current practices and procedures, strengthen their controls, and take immediate actions to rectify any breaches or deficiencies.

Trading & Investment

CME Group to Launch Offshore Renminbi Options on 3 April

By Editors | 07/03/2023

USD/CNH options have become one of the most traded pairs in the OTC market. The new listed contracts will offer a centrally cleared alternative.

Conduct, Culture & Accountability

SFC Bans Former Senior Manager of Citigroup Asia Unit for Misconduct

By Editors | 07/03/2023

Philip Shaw’s misconduct was “intentional, dishonest and contrary to a licensed person’s overarching duty to act in clients’ best interests,” the SFC said.