Market Infrastructure

BIS to Explore Approaches for Monitoring Supply Chain Shocks

10/07/2024

BIS will use granular data, analytics and AI to improve monitoring of global supply chains and better assess their economic and financial impacts.

Securities / Derivatives

Taiwan Set to Shorten Auction Interval for Odd-Lot Trading

09/07/2024

The auction interval for odd-lot trading will be reduced from one minute to five seconds, effective from 2 December 2024.

Fintech / Regtech

BNM Finalises Licensing Framework for Digital Insurers

09/07/2024

BNM will no longer limit the number of licences to five. Applications will be accepted throughout 2025 and 2026.

AML / KYC

Singapore Banks to Phase Out Use of OTPs for Account Login

09/07/2024

MAS and ABS said the phase-out of OTPs will make it harder for scammers to fraudulently access customer accounts and funds.

Crypto / Digital Assets

Defunct Crypto Exchange Mt Gox Starts Repaying Creditors

09/07/2024

Mt. Gox was forced to close in 2014 after a major hack. Creditors have waited 10 years for repayments, which are now expected to be completed within 90 days.

AML / KYC

AUSTRAC Releases Two National Risk Assessments

09/07/2024

The NRAs provide an understanding of the scale, sophistication and threat of money laundering and terrorism financing in Australia.

Enforcement

Singapore CEO Fined for False Announcement, Insider Trading

09/07/2024

The former CEO was fined SGD 310,000, “voluntarily disgorged” about SGD 630,000, and is disqualified from being a director for 5 years.

Capital / Liquidity

PBOC Expands Toolbox for Managing Liquidity, Rates

09/07/2024

The PBOC now has access to “hundreds of billions” worth of government bonds which it could sell into the market.

Sanctions

US Treasury Proposes to Expand Jurisdictional Reach of CFIUS

09/07/2024

The proposed rule adds 56 military installations to the list of installations around which CFIUS has jurisdiction.