United States
Cybersecurity
Most of the $1.4bn stolen from the Bybit exchange two weeks ago has now been laundered.
Data
Citigroup had another near miss when an employee at its wealth-management business came close to transferring about $6 billion to a customer’s account by accidentally copying and pasting an account number into a dollar amount field.
Enforcement
CFPB drops suit against banks over Zelle fraud failures.
ESG
US critics react against far-reaching EU ESG rules.
Regulation
The SEC is providing assistance as filers transition to a new EDGAR (Electronic Data Gathering, Analysis, and Retrieval) system on March 24.
US House Committee on Financial Services highlights support from various institutions to roll back the CFPB’s overdraft rule.
US Senate votes to overturn the CFPB’s rule giving itself jurisdiction over tech companies offering payment services.
China
Hong Kong Exchanges and Clearing (HKEX) and the Hong Kong Monetary Authority are working on putting in place an Asian international settlement house (subscription) to reduce its dependency on European and American financial infrastructure.
EU
European Supervisory Authorities will amend the DORA draft RTS on subcontracting following its rejection by the EC.
India
A popular financial influencer in India has been barred from trading by the Securities and Exchange Board of India (Sebi) who alleged that she was selling illegal stock tips disguised as investor education.
International
The IFRS Global Preparers Forum (GPF) is seeking new members to join in 2025.
Saudi Arabia
Saudi Arabia’s sovereign wealth fund (PIF) has instructed its companies to halt project assignments to PwC until February 2026. The reasons for the suspension have not been disclosed.
Singapore
Singapore is probing the shipment of Nvidia chips to Malaysia and, potentially, onward to other countries, in breach of strict export controls.
DBS questions the achievability of key 1.5C goal calling it “insanely hard”.
Spain
Santander is the latest financial institution to be reviewing its DEI policies (subscription).
UK
LSEG CEO David Schwimmer said that a subdued IPO environment is not a problem unique to the London exchange.
Barclays three day IT outage (subscription) may cost it up to £7.5m.
HSBC renames “eastern markets” and “western markets” (subscription) business units.
FTSE Russell will add shares priced in currencies other than sterling (subscription) to its UK indices in an effort to attract investors.
More than 100 Labour peers and MPs say ESG policies are holding back the effort to arm Ukraine.
The UK payment regulator plans to impose “remedies” (subscription) on the card providers VISA and Mastercard citing lack of competition