LATEST NEWS

Crypto / Digital Assets

US Banking Regulators Issue Statement Warning of Crypto Risks

By Editors | 04/01/2023

“It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system,” the statement says.

Crypto / Digital Assets

US Court Sets October Date for Bankman-Fried Trial

By Manesh Samtani | 04/01/2023

Bankman-Fried pleaded not guilty to all eight charges against him. The court set a 2 October 2023 date for trial, which is expected to last about four weeks.

Enforcement

CSRC Bars Two Online Brokers from Onboarding Mainland Investors

By Editors | 04/01/2023

Futu Holdings and Tiger Brokers have been offering offshore trading services to mainland clients though they are not licensed in China.

Market Infrastructure

CBIRC Proposes Stricter Rules for Banks’ Custody Businesses

By Editors | 04/01/2023

The draft rules strengthen requirements on internal governance, risk management systems, data protection and security controls within banks’ custody businesses.

Fintech / Regtech

BNM Finalises New Rules for Electronic Money Issuers

By Editors | 03/01/2023

E-money issuers with more than 500,000 active users are subject to stricter governance, business continuity management and technology risk management requirements.

Enforcement

US FTC Orders Mastercard to Stop Blocking Competing Networks

By Editors | 03/01/2023

The FTC says Mastercard used its control over its “tokenisation” process to block the use of competing payment card networks.

Securities / Derivatives

Korea Passes Bill to Ease Audit Burden on Smaller Companies

By Editors | 03/01/2023

The revision bill will benefit almost 1,000 listed companies, exempting them from a requirement to subject their internal accounting management systems to external audits.

Securities / Derivatives

CSRC Proposes Enhanced Rules for Stock Options Trading

By Editors | 03/01/2023

The rules allow futures companies to conduct market-making activities for stock options and require stock exchanges to supervise programmatic trading activities.

SEBI to Enhance Investor Grievance Redressal Mechanism

By Editors | 03/01/2023

SEBI proposes to allow mediation and arbitration to be conducted entirely online and to only have a sole arbitrator rather than a panel deciding cases.