Market Abuse

SEBI Targets Front-running in Nationwide Raids

27/01/2023

Individuals would take positions on certain stocks prior to so-called ‘market experts’ going on live television to recommend those same stocks.

Emerging Prudential Risks

New Zealand to Increase Foreign Reserves Holdings

27/01/2023

New Zealand will look to increase its foreign reserves holdings over “a number of years” in order to minimise the market impact.

Credit Risk

BSP Raises Interest Rate Caps for Credit Card Issuers

27/01/2023

The BSP says the higher caps will cushion the impact of inflationary pressure and interest rate hikes on banks and credit card issuers.

Custody & Infrastructure

New Network Launches to Facilitate Stablecoin, CBDC Transfers

27/01/2023

Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.

Anti-Money Laundering

Crypto Exchange Coinbase Fined in the Netherlands

26/01/2023

The DNB said Coinbase was offering services to Dutch users before it was formally registered as required by local laws.

Market Abuse

US SEC Charges Man for Crypto Token Manipulation Scheme

26/01/2023

The SEC said Avraham Eisenberg orchestrated an attack on Mango Markets. He also faces criminal and civil charges brought by the DOJ and CFTC.

Sustainable Finance

India Issues First Ever Sovereign Green Bonds

26/01/2023

India raised almost $1bn that it will use for investments in renewable energy and climate change adaptation, among other areas.

Anti-Money Laundering

UK FCA Offers Guidance on Crypto Business Registration

26/01/2023

The guidance draws from over 300 applications received by the FCA to date, to help crypto firms prepare their applications for registration.

Structural Regulation

ESMA, FCA Agree MoU to Support Benchmark Recognition

26/01/2023

The MoU establishes cooperation arrangements and enables ESMA to start recognising benchmarks administrators from the UK.