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Cryptocurrency
Jane Street, Jump Crypto to Scale Down US Crypto Business
13/05/2023
Jane Street Group and Jump Crypto are the latest firms to scale down US operations, citing regulatory uncertainty.

Conduct, Culture & Accountability
NYDFS Proposes Guidance on ‘Character and Fitness’ Reviews
13/05/2023
Superintendent Adrienne Harris said character and fitness standards have become a “policy priority” in light of “recent events” in the industry.

Trading & Investment
EU Backtracks on Financial Advice Inducement Ban – Report
13/05/2023
The new plan is to limit the proposed ban on inducement payments to “execution-only” sales of investment products where no financial advice is delivered.

Custody & Infrastructure
StanChart to Launch Digital Asset Custody Services from Dubai
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.

Structural Regulation
PCAOB Publishes Findings from Audit Inspections of Chinese Firms
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.

Trading & Investment
SEBI Allows FPIs Direct Access to Commodity Derivatives Market
12/05/2023
Direct access will enable FPIs to have direct control over orders and implement better hedging and arbitrage strategies, SEBI said.

CBDCs
BIS Innovation Hub Publishes Guidance on Offline CBDC Payments
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.

Reporting & Disclosures
ISSB Consults on International Applicability of SASB Standards
12/05/2023
The ISSB is consulting on a proposed methodology for improving the international applicability of the SASB Standards and removing regional bias.

Trading & Investment
HKEX May Allow Market to Remain Open During Typhoons
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.

Reporting & Disclosures
Bursa Malaysia, Mah Sing, Alliance Bank to Collaborate on ESG
12/05/2023
Alliance Bank will offer Mah Sing Group’s suppliers, contractors, and consultants incentives to reward them for improving their carbon footprint.
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