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Markets & Infrastructure
Trading & Investment
NYSE to Reimburse 60pc of Claims from January Trading Halts
By Editors | 08/02/2023
NYSE clients have been told that losses will be covered for orders posted or routed to NYSE. Loss-making trades triggered on other venues will not be covered.
Anti-Money Laundering
Swiss Prosecutors Investigate Credit Suisse’s 2022 Data Leak
By Sanday Chongo Kabange | 08/02/2023
The investigation centres on suspected acts of corporate espionage, breach of trade secrets and violations of banking secrecy laws.
Alternative Markets
Asset Managers Launch Global Trade Finance Working Group
By Editors | 08/02/2023
New working group will work to boost the role of alternative lenders in providing trade finance, at a time when traditional lenders are retrenching.
CBDCs
UK Unveils Roadmap to Potential Digital Pound Issuance
By Manesh Samtani | 08/02/2023
If issued, the digital pound would be subject to strict privacy standards. It would be intended for payments, non-interest-bearing, and subject to an initial cap on holdings.
Structural Regulation
South Korea to Start Opening Up Domestic FX Market
By Manesh Samtani | 08/02/2023
In 2024, the interbank FX market will be opened to offshore financial firms that become certified as ‘registered foreign institutions’.
Market Abuse
ASIC Disciplinary Panel Fines Stockbroker Over Trade Pricing
By Editors | 07/02/2023
Wilsons Advisory and Stockbroking reported over 2,000 trades as TWPI transactions in circumstances where the trades did not provide price improvement.
Conduct, Culture & Accountability
US SEC Expands Staff Messaging Probe to Hedge Funds
By Editors | 07/02/2023
The SEC has asked firms including Point72 Asset Management and Citadel to search employees’ personal devices for evidence of business dealings via unapproved channels.
Sustainable Finance
BNM Issues Consultation on New Financial Inclusion Framework
By Editors | 07/02/2023
BNM says the vision of the Framework is to provide a more expansive and holistic approach to elevate financial well-being in Malaysia.
Structural Regulation
Morgan Stanley Wins Approval to Fully Own China Fund Business
By Editors | 07/02/2023
Morgan Stanley Investment Management becomes the 7th foreign firm approved to fully own a domestic mutual fund business.
Cryptocurrency
Thailand Grants Crypto Fund Managers Greater FX Flexibility
By Editors | 07/02/2023
The amendment will give digital asset fund managers greater flexibility to purchase digital assets overseas and make payments for related expenses.
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