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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.
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.
ESG / Sustainability
New Investment Models Needed for Net Zero Goals
By ESG Investor | 12/05/2023
Speaking at ESG Investor’s inaugural Stewardship Summit, UNEP FI’s David Carlin says transition finance flows to developing economies are too low to meet net zero targets.
Crypto / Digital Assets
BIS Innovation Hub Publishes Guidance on Offline CBDC Payments
By Editors | 12/05/2023
The new handbook is intended as a guide for central banks that are considering the potential implementation of CBDCs with offline functionality.
ESG / Sustainability
ISSB Consults on International Applicability of SASB Standards
By Editors | 12/05/2023
The ISSB is consulting on a proposed methodology for improving the international applicability of the SASB Standards and removing regional bias.
Market Infrastructure
HKEX May Allow Market to Remain Open During Typhoons
By Editors | 12/05/2023
A working group from HKEX and the HKMA is reportedly drafting a plan to allow trading to continue as normal during typhoons and rainstorms.
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