Fintech / Regtech

US Regulators to Jointly Adopt Common Data Standards

06/08/2024

The Federal Reserve, SEC, CFTC and six other agencies will adopt common identifiers including the LEI and UPI.

Enforcement

Switzerland Announces $152mn Penalty Order Against Glencore

06/08/2024

The penalty order resolves a four-year criminal investigation into Glencore by Swiss and Dutch authorities.

Fintech / Regtech

Bank Indonesia Issues Five-Year Payment System Blueprint

06/08/2024

Bank Indonesia Governor Perry Wariyo said the plan to issue digital rupiah has entered the final stages.

Enforcement

SET Chairman Calls for Reforms to Address Corporate Fraud

05/08/2024

The SET says legal reforms are needed to enable the SEC to bypass the police and go directly to prosecutors, similar to practices in the US, South Korea, and Japan.

Sanctions

Myanmar Punishes Exporters for Failure to Convert FX to Kyat

05/08/2024

Over 100 companies have had their export licences revoked. Their owners face potential jail time and asset confiscation.

Securities / Derivatives

Shanghai Bourse Unveils Plans to Launch New Index Varieties

05/08/2024

Three-year action plan includes more cross-border indexes, more varieties of STAR Market indexes, and new productivity theme indexes.

Fintech / Regtech

PBOC, HKMA Sign Cooperation Framework for Payments Linkage

04/08/2024

The cooperation framework will enable the Chinese and Hong Kong authorities to link their fast payment systems.

Sanctions

EBA Proposes New Reporting Requirements for Payments Firms

04/08/2024

PSPs would have to report on the share of instant transfers, both domestic and cross-border, that were rejected due to the application of sanctions.

Securities / Derivatives

CSRC Approves New Options Contracts at Dalian Exchange

04/08/2024

DCE said the new egg, corn starch and live pig options will provide additional hedging tools and improve the underlying futures market.