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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.
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.
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.
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.
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.
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.
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.
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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