Market Infrastructure

BCBS Consults on Principles for Managing Third-Party Risk

10/07/2024

The BCBS offers 12 high-level principles on the effective management and supervision of risks arising from third-party arrangements.

Market Infrastructure

Japan, Canadian Regulators Sign MoC on CCP Supervision

10/07/2024

The MoC will enhance cooperation in the supervision of cross-border clearing agencies operating as CCPs in Ontario and Japan.

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.