Clearing & Post-Trade

ASX Opens First Industry Test Environment for CHESS Replacement

01/12/2021

ITE1 is open for software providers to test functional and non-functional workflows for the new equities clearing and settlement system.

Cryptocurrency

MAS Grants Fourth Digital Payment Token Licence

30/11/2021

Crypto payments firm TripleA is the fourth company to receive a DPT licence in Singapore after FOMO Pay, DBS Vickers and Independent Reserve.

Payments & Settlements

SAFE Fines Tenpay for Breaching Foreign Exchange Rules

30/11/2021

Tenpay failed to submit relevant materials and handle foreign exchange sales services in accordance with regulations.

Resolution & Recovery

India Proposes New Cross-border Insolvency Framework

30/11/2021

The framework will provide a mechanism for foreign creditors to obtain recognition of overseas proceedings in local courts.

Credit Risk

RBNZ to Amend Connected Exposures Policy for Banks

30/11/2021

The RBNZ proposes to remove the aggregate gross exposure limit and to allow banks to recognise credit risk mitigations when measuring aggregate net exposures.

Anti-Money Laundering

AUSTRAC to Update Guidance on Reporting Cash Transactions

30/11/2021

A TTR will be required for each individual cash transaction of A$10,000 or more. Reporting entities will not need to combine transactions when submitting TTRs.

Payments & Settlements

BSP Allows Digital Banks to Participate in Monetary Operations

30/11/2021

Digital banks and unit investment trust funds can also participate in the secondary market for central bank securities.

Cloud & Infrastructure

ACCC to Launch CDR Sandbox to Support Innovation

30/11/2021

The sandbox aims to help current and prospective CDR participants build and test their solutions faster, and improve accuracy and quality.

Resolution & Recovery

RBI Imposes Restrictions on Urban Cooperative Bank

30/11/2021

Malkapur Urban Bank will continue to have the business and operational restrictions in place until its financial position improves.