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Conduct, Culture & Accountability
SFC Fines Guosen for Regulatory Breaches Caused by Bugs
By Editors | 21/12/2022
Guosen Securities used expired standing authority of clients because its new operating system failed to send renewal notices to clients.
Supervision & Enforcement
US Regulator Orders Wells Fargo to Pay $3.7b for Violations
By Editors | 21/12/2022
Wells Fargo repeatedly misapplied loan payments, wrongfully foreclosed on homes and illegally repossessed vehicles, among other violations.
Conduct, Culture & Accountability
ECB Bars Officials from Making Short Term Trades
By Editors | 21/12/2022
High-level ECB officials can only invest in publicly listed, broadly diversified funds with a medium to long-term perspective.
Trading & Investment
HKEX Opens New York Office to Support International Clients
By Editors | 21/12/2022
HKEX says the New York office will make it easier to connect with investors, market participants and their intermediaries during their own working day.
Cryptocurrency
FTX Seeks Court Authorisation to Sell Four Businesses
By Editors | 21/12/2022
Embed, LedgerX, FTX Japan and FTX Europe have maintained segregated customer accounts and have solvent balance sheets.
Trading & Investment
SEBI Extends Trading Suspension in Seven Agri-Derivatives
By Editors | 21/12/2022
The December 2021 suspension was due to expire on 20 December 2022. The extension is for one more year.
Payments & Settlements
CSRC Sets 26 December Launch Date for DvP Reforms
By Editors | 20/12/2022
From 26 December, DvP settlement will be enabled for proprietary and custody business involving institutional investors.
Cryptocurrency
Indonesian Lawmakers Pass Major Financial Sector Reforms
By Editors | 20/12/2022
The legislation changes the central bank’s mandate, shifts crypto sector oversight to OJK, makes a digital rupiah legal tender, and introduces a carbon trading framework.
Tokenisation
CGS-CIMB Becomes First Brokerage to Establish Link to ADDX
By Editors | 20/12/2022
CGS-CIMB is providing accredited investor clients access to tokenised and fractionalised private market securities via ADDX.
Trading & Investment
Shenzhen Exchange to Pilot Cross-Border Bonds to Serve GBA
By Editors | 20/12/2022
Issuers can be Chinese government entities or high-quality corporates. The SZSE is temporarily not charging any fees for cross-border bond listing services.
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