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Coverage of regulatory developments, market trends, and operational standards across asset classes, financial products, and trading venues.

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.

Trading & Investment
ASIC Issues Stop Orders Against Interactive Brokers’ Securities Lending Product
By Editors | 09/03/2023
ASIC says Interactive Brokers inappropriately included investors in the target market that didn’t align with the features and risks of the product.

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.

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.

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.

Trading & Investment
Foreign Firms Announce New Mutual Fund Launches in China
By Manesh Samtani | 06/03/2023
Neuberger Berman and Fidelity International are launching new funds. AllianceBernstein won approval. UBS is planning to apply. VanEck is withdrawing.

Structural Regulation
Singapore Amends Thresholds for Gaining PR Status Under GIP
By Editors | 06/03/2023
Applicants will have to invest at least S$10mn in a business or S$25mn in a GIP-select fund, compared to $2.5mn currently.

Trading & Investment
Stock Connect Expansion to Launch on 13 March 2023
By Manesh Samtani | 06/03/2023
Mainland investors will have access to about 80 more HK-listed stocks; International investors will have access to more than 1,000 more Mainland-listed stocks.
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