LATEST NEWS

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    Enforcement

    US Trial Begins Over Collapse of Archegos Capital Management

    By Manesh Samtani | 09/05/2024

    Archegos Founder Bill Hwang is charged with racketeering conspiracy, securities fraud, wire fraud and market manipulation.

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    Fintech / Regtech

    Korea Launches Web-Based FX Trading Platform

    By Mark Johnston | 09/05/2024

    Koscom developed the platform to enhance accessibility to the domestic FX market, including for foreign firms.

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    Crypto / Digital Assets

    FTX to Make Full Repayment to Non-Government Creditors

    By Manesh Samtani | 09/05/2024

    Under the reorganisation plan, up to 98% of non-government creditors will receive about 118% of their claims in cash.

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    Enforcement

    ASIC Fines JP Morgan Unit for Failure to Detect Suspicious Trades

    By Sanday Chongo Kabange | 09/05/2024

    The case highlights that market participants “cannot solely rely on automated trade monitoring systems” to detect potential misconduct.

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    Crypto / Digital Assets

    Singapore, UK to Boost Fintech, Green Finance Cooperation

    By Nithya Subramanian | 09/05/2024

    MAS and HM Treasury will collaborate to develop and finance green finance and energy transition projects in APAC.

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    Securities / Derivatives

    CSRC Sets New Targets for Inspections of IPO Applicants

    By Manesh Samtani | 09/05/2024

    The inspections involve scrutiny of old business deals, personal bank accounts, and examinations of mobile phones and laptops.

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    Sanctions

    OFAC Removes Sberbank Switzerland from Sanctions List

    By Editors | 09/05/2024

    Sberbank sold its Swiss subsidiary in September 2022 and the bank was then renamed to TradeXBank Ltd.

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    Market Infrastructure

    ESMA Seeks Input on Changes to UCITS Framework

    By Mark Johnston | 09/05/2024

    ESMA seeks input on expanding UCITS eligible assets to crypto, catastrophe bonds, emission allowances and other asset classes.

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    Fintech / Regtech

    HKMA to Relabel ‘Virtual Banks’ as ‘Licensed Digital Banks’

    By Sanday Chongo Kabange | 09/05/2024

    The proposal is aimed at addressing negative connotations associated with the term “virtual bank” in Chinese.

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    Enforcement

    BNM Fines 14 Banks Over Erroneous Statistical Submissions

    By Sanday Chongo Kabange | 09/05/2024

    The reporting failures were caused by unresolved technical issues and inadequate operating procedures.

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