Market Infrastructure

US SEC Proposes Major Rule Changes to Improve Market Fairness

18/12/2022

The proposals include a new best execution regulatory framework, a new order competition rule, and requirements for brokers to provide better disclosures on execution quality.

Securities / Derivatives

Philippine Lawmakers Advance Bill to Establish Sovereign Fund

18/12/2022

Critics say the bill’s timing is poor due to the country’s lack of surplus funds, high national debt, large trade deficit, and other economic problems.

AML / KYC

HKMA Asks StanChart to Investigate Unauthorised Card Transactions

18/12/2022

Standard Chartered has said there is no evidence of a data leak, that it would arrange refunds, and that it has strengthened its monitoring systems in response.

Securities / Derivatives

RBI Lifts Restrictions on Offshore Rupee Trades by Banks

17/12/2022

Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.

Crypto / Digital Assets

BOK Seeks Legal Authority to Regulate Stablecoins

17/12/2022

BOK says stablecoins pegged to foreign currencies should be subject to foreign exchange laws, while those pegged to the Korean won should fall under the central bank’s regulatory remit.

Capital / Liquidity

PBOC Issues Draft Regulations for Financial Infrastructures

17/12/2022

The regulations cover registration and custody systems, clearing and settlement, trading facilities, transaction reporting databases, important payment systems, and credit reporting systems.

Crypto / Digital Assets

Ant Group Embeds e-CNY Processing in Alipay Digital Wallet

17/12/2022

The integration of third party payments platforms is expected to boost e-CNY adoption while preventing the displacement of existing players in China’s payments sector.

Hong Kong Names Julia Leung as New SFC Chief

16/12/2022

Julia Leung will become CEO of the SFC on 1 January following Ashley Alder’s departure to become the UK FCA’s new chair.

AML / KYC

Malaysian Banks to Finish Implementing Anti-Scam Measures by June 2023

16/12/2022

More than 80 percent of banks have already implemented a 24/7 dedicated complaint hotline for customers to report incidents or suspicions of fraud.