LATEST NEWS

Enforcement

CFTC Suspends Longest Serving Inspector General for Misconduct

By Editors | 05/05/2023

An oversight body for inspectors general found that Roy Lavik wasted government funds, revealed the identities of whistleblowers, and disparaged employees.

AML / KYC

Chinese Firms Block Overseas Access to Corporate Data – Reports

By Editors | 05/05/2023

Wind Information Co has cut off access to databases containing information about companies’ shareholders, ultimate controllers, affiliates, and other data.

Fintech / Regtech

RBI, BIS Launch G20 TechSprint Focusing on Cross-border Payments

By Editors | 05/05/2023

The 2023 TechSprint will focus on technology solutions to address illicit finance risk, FX and liquidity solutions, and technology for CBDC platforms.

ASIC Uncovers Widespread Noncompliance With DDO Rules

By Sanday Chongo Kabange | 04/05/2023

ASIC deputy chair Karen Chester said closer scrutiny of how product issuers are meeting their design and distribution obligations is coming.

Market Infrastructure

PNGX Set to Adopt New Listing Rules, T+2 Settlement Cycle

By Sanday Chongo Kabange | 04/05/2023

The new listing rules will take effect in July, at the same time PNGX moves from a T+3 to T+2 settlement cycle.

Capital / Liquidity

PacWest Bancorp Exploring Potential Capital Raise or Sale – Reports

By Manesh Samtani | 04/05/2023

There is concern that PacWest might be the next bank to fail, though it is smaller than SVB and First Republic and has 75 percent of its deposits insured.

Capital / Liquidity

ASEAN+3 Ministers Work to Bolster Regional Safety Net

By Editors | 04/05/2023

CMIM guidelines were updated to allow members to provide liquidity support in their own domestic currency and the local currencies of other members.

Enforcement

Australia Court Sentences ‘Finfluencer’ for Manipulation

By Editors | 04/05/2023

This is the first time a person has been sentenced under a provision of the Corporations Act that covers the dissemination of information about illegal transactions.

Capital / Liquidity

Capital Has Not Left Hong Kong’s Financial System: HKMA

By Manesh Samtani | 04/05/2023

Deposits at Hong Kong banks grew by 1.4% in the year ending March 2023, despite some outflows from HKD assets in response to interest rate differentials.