Market Abuse

US Court Convicts Another JPM Trader on Spoofing Charges

13/12/2022

Former precious metals trader faces up to 30 years in prison for placing deceptive orders intended in COMEX gold and silver futures.

Anti-Money Laundering

UK FCA Fines Santander for “Persistent Gaps” in AML Controls

13/12/2022

The FCA said Santander did not manage business banking accounts correctly and did not promptly deal with automated monitoring alerts.

Climate Risk

Vanguard Withdraws from NZAM Alliance Amid Political Pressure

13/12/2022

The move came a day after a senate committee report was released highlighting the outsized influence of the “Big Three” asset managers towards ESG.

Cryptocurrency

US SEC Directs Issuers to Detail Exposures to Crypto and Related Impacts

13/12/2022

Separately, US senators asked banking regulators to provide details on banks that have engaged in crypto-related services.

Cryptocurrency

EU Commission Proposes New Tax Transparency Rules for Crypto

13/12/2022

New requirements to report crypto-asset, e-money and digital currency transactions are expected to enter into force on 1 January 2026.

Reporting & Disclosures

Malaysia SC Issues Principles-based SRI Taxonomy

13/12/2022

The SRI Taxonomy provides universal guiding principles for the classification of economic activities that qualify for sustainable investment.

Sustainable Finance

Bursa Malaysia Launches ESG Themed Index Futures Contract

13/12/2022

The new futures contract is based on the FTSE4Good Bursa Malaysia Index and available to global investors via CME Globex.

Structural Regulation

SFC Announces 20 March 2023 Launch Date for HKIDR

13/12/2022

The SFC has decided to “provide more time for the industry’s preparation” and has announced a 20 March 2023 launch date for the HKIDR.

Cryptocurrency

FTX Japan Authorised to Continue Operating to Repay Customers

13/12/2022

The FSA had ordered FTX Japan to suspend business operations by 9 December. The extension until 9 March 2023 will allow it to return funds to users.