LATEST NEWS

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    Crypto / Digital Assets

    StanChart to Launch Digital Asset Custody Services from Dubai

    By Editors | 13/05/2023

    The UAE has a “well-balanced approach” to digital assets, making it an “ideal first market” for the launch, said CEO Bill Winters.

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    Capital / Liquidity

    HKMA Consults on Revised Large Exposures Reporting Templates

    By Mark Johnston | 12/05/2023

    The revisions aim to implement BELR changes, enhance credit risk monitoring, and address prudential reporting of related party transactions.

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    Enforcement

    SEBI Penalises Four Former Officials of Karvy Stock Broking

    By Mark Johnston | 12/05/2023

    SEBI fined the four individuals a combined INR 19 million over Karvy Stock Broking’s misappropriation of client assets in 2019.

    Big Picture

    Fed Official Calls for Banking Reforms to be “Targeted” and “Thoughtful”

    By Mark Johnston | 12/05/2023

    Michelle Bowman urges targeted and evidence-based reforms to address the root causes of the recent spate of bank failures.

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    Enforcement

    HK Court Orders Confiscation of HK$63m from Bribery Case

    By Mark Johnston | 12/05/2023

    The investor bribed a former Deutsche Bank director to obtain insider information to help him trade derivative warrants.

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    Big Picture

    US Super-Regional Banks Bore the Brunt of SVB Failure: NY Fed

    By Mark Johnston | 12/05/2023

    Deposit withdrawals after SVB’s failure were limited to around 30 super-regional banks, according to a new study by the NY Fed.

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    Fintech / Regtech

    China Unveils National Blockchain Centre to Boost DLT Innovation

    By Mark Johnston | 12/05/2023

    The centre will develop blockchain technology and train over 500,000 DLT specialists in China.

    ESG / Sustainability

    US Fed Governor Questions Need for Special Focus on Climate Risk

    By Mark Johnston | 12/05/2023

    Climate change is real, but not a serious risk to financial stability, Fed Governor Waller said in a speech in Madrid.

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    Market Infrastructure

    PCAOB Publishes Findings from Audit Inspections of Chinese Firms

    By Editors | 12/05/2023

    The PCAOB said it found an “unacceptable rate” of deficiencies in the KPMG and PwC audits of US listed Chinese companies it reviewed last year.

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    Securities / Derivatives

    SEBI Allows FPIs Direct Access to Commodity Derivatives Market

    By Editors | 12/05/2023

    Direct access will enable FPIs to have direct control over orders and implement better hedging and arbitrage strategies, SEBI said.

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