Market Infrastructure

China Probing Disruption in Short-term Borrowing Market

02/11/2023

Institutions that settled trades at excessively high rates are asked to submit explanations about their decision-making and bidding process.

Crypto / Digital Assets

Hong Kong Announces New Fintech Development Initiatives

02/11/2023

The initiatives include a new platform to facilitate retail fund distribution and enhancements to the regulatory framework for virtual assets.

Crypto / Digital Assets

Malaysian Court Orders Crypto Firm Luno to Compensate Customer

01/11/2023

Luno said the withdrawal of funds from the customer’s account was properly authorised. The customer claimed it was not.

Fintech / Regtech

HKMA to Launch Bank Account Data Sharing Pilot by Year-End

01/11/2023

The first phase of the IADS initiative will be for corporate customers. The HKMA hopes to progressively extend it to retail bank accounts from June 2024 onwards.

Enforcement

MAS Imposes Restrictions on DBS Over Service Disruptions

01/11/2023

DBS has to suspend business acquisitions and non-essential changes to its IT systems, instead dedicating its resources and attention to technology resiliency.

Securities / Derivatives

Australia Commences Review of 2021 Disclosure Law Amendments

01/11/2023

The review will seek to determine whether the 2021 amendments are working as intended.

Capital / Liquidity

BOK, FSS Agree to Share Data on Non-bank Depository Institutions

01/11/2023

The MoU aims to enhance monitoring so BOK can quickly provide liquidity support to non-bank deposit institutions that run into trouble.

Market Infrastructure

BOJ Pledges More Flexibile Yield Curve Control Policy

01/11/2023

The BOJ said its strict cap on long-term interest rates would in principle have “strong positive effects”, but that it could also entail “large side effects”.

AML / KYC

FATF Consults on Amendments to Recommendation 25 Guidance

01/11/2023

The guidance will support implementation of the revised Recommendation 25, to help address risks from trusts or similar legal arrangements.