Market Infrastructure

ICBC Opens Yuan Clearing Banks in Laos, Pakistan

30/10/2023

Besides Laos and Pakistan, new yuan clearing banks have been established in Kazakhstan and Brazil since the start of 2022.

Crypto / Digital Assets

MAS Establishes Project Guardian Policymaker Group

30/10/2023

MAS will work with Japan’s FSA, the UK’s FCA and Switzerland’s FINMA to advance the development of tokenised digital assets.

Crypto / Digital Assets

Taiwan Lawmakers Introduce Bill to Regulate Crypto Sector

30/10/2023

The bill will introduce a licensing system for crypto firms, along with requirements to segregate client assets and protect customer funds.

RBI Raises Limit for Non-callable Term Deposits

30/10/2023

All term deposits below the new INR 10 million threshold will have to mandatorily offer a withdrawal option to depositors.

HK Authorities Sign Anti-Corruption MoU for Insurance Industry

30/10/2023

The IA and ICAC will strengthen collaboration on case referrals, investigations, information exchange, public education and professional training.

Capital / Liquidity

APRA Adopts Changes to Credit Risk Reporting Standard

30/10/2023

The reporting standard for counterparty credit risk is being amended so it only applies to significant financial institutions.

AML / KYC

OCBC Stops Using SMS as Default Notification Method

30/10/2023

Customers will receive alerts about payments and fund transfers through push notifications and e-mails, unless they specifically opt for SMS.

Crypto / Digital Assets

OFAC Targets Hamas Finances With New Sanctions

30/10/2023

The new designations underscore the “critical role Iran plays” in providing support to Hamas, said deputy Treasury secretary Wally Adeyemo.

Securities / Derivatives

SEBI Again Extends Agri-Derivatives Trading Suspension

30/10/2023

The suspension of trading, initially imposed due rising food inflation, will remain in place until 20 December 2024.