Australia Consults on Bill to Lower Entry Barriers in Advice Industry

19/04/2023

Financial advisers with ten years experience and a clean disciplinary record will be deemed to have met the education requirements.

Capital / Liquidity

BCBS, FSB Consider Changes to Global Banking Rules

19/04/2023

Fitch Ratings says global standard-setters may adjust the existing prudential and resolution frameworks, potentially making IRRBB a Pillar 1 requirement.

Securities / Derivatives

Two More Chinese Firms List GDRs in Switzerland

19/04/2023

The listings come despite last month’s reports that Chinese regulators had stopped accepting applications from mainland firms seeking to issue GDRs in Switzerland.

Fintech / Regtech

FSC Korea Issues Guidelines to Promote Safe Usage of AI Tech

19/04/2023

A verification system has also been introduced for use in examinations of AI-driven credit scoring models deployed by credit bureaus.

Securities / Derivatives

CSRC Issues Draft Rules for Futures Market Practitioners

18/04/2023

The draft rules cancel qualification management requirements, strengthen supervision and self-discipline requirements, and expand the range of prohibited behaviours.

Market Infrastructure

NSE IFSC-SGX Connect to Fully Launch on 3 July

18/04/2023

SGX will migrate all open positions in SGX Nifty to the relevant NSE IFSC NIFTY contracts during the weekend of 30 June.

AML / KYC

Chinese Court Sentences Ex-CDB Exec to 10 Years Jail

18/04/2023

The court found that Fu Xiaodong accepted bribes over 13 years while serving in senior positions at the China Development Bank.

Crypto / Digital Assets

NYDFS Issues Final Rule on Bitlicense Assessment Fees

18/04/2023

Crypto firms with a Bitlicense will be billed five times each fiscal year, in part based on their size and complexity.

Fintech / Regtech

Malaysia SC to Launch New Online Payment Platform

18/04/2023

The platform will enable an easier online payment process for regulatory, registration and application fees paid to the SC.