Conduct, Culture & Accountability

ECB Bars Officials from Making Short Term Trades

21/12/2022

High-level ECB officials can only invest in publicly listed, broadly diversified funds with a medium to long-term perspective.

Trading & Investment

HKEX Opens New York Office to Support International Clients

21/12/2022

HKEX says the New York office will make it easier to connect with investors, market participants and their intermediaries during their own working day.

Cryptocurrency

FTX Seeks Court Authorisation to Sell Four Businesses

21/12/2022

Embed, LedgerX, FTX Japan and FTX Europe have maintained segregated customer accounts and have solvent balance sheets.

Trading & Investment

SEBI Extends Trading Suspension in Seven Agri-Derivatives

21/12/2022

The December 2021 suspension was due to expire on 20 December 2022. The extension is for one more year.

Market Abuse

Singapore Jails Man for Spoofing, False Telegram Statements

20/12/2022

Kenneth Goh pleaded guilty to creating a false appearance in the market 325 times, deceiving two brokers, and making false statements in Telegram chat groups.

Payments & Settlements

CSRC Sets 26 December Launch Date for DvP Reforms

20/12/2022

From 26 December, DvP settlement will be enabled for proprietary and custody business involving institutional investors.

Resolution & Recovery

US Regulators Identify Flaws in Resolution Plans of Two Major Banks

20/12/2022

Credit Suisse’s resolution plan had two deficiencies relating to its cash flow forecasting capabilities and governance for its US operations. BNP Paribas had one shortcoming.

Cryptocurrency

Indonesian Lawmakers Pass Major Financial Sector Reforms

20/12/2022

The legislation changes the central bank’s mandate, shifts crypto sector oversight to OJK, makes a digital rupiah legal tender, and introduces a carbon trading framework.

Tokenisation

CGS-CIMB Becomes First Brokerage to Establish Link to ADDX

20/12/2022

CGS-CIMB is providing accredited investor clients access to tokenised and fractionalised private market securities via ADDX.