Fintech / Regtech

RBA Sets Out Focus Areas for Upcoming Payments System Review

15/12/2023

The key focus areas for next year’s review are mobile wallets, BNPL services, and least-cost routing, Michele Bullock said.

Capital / Liquidity

Korea Relaxes FHC Rules on Lending to Overseas Subsidiaries

15/12/2023

The FSC said the amendments, effective on 1 January, will “contribute to revitalising the overseas expansion of Korean financial companies”.

Enforcement

SBI Securities Accused of Manipulating Stock Prices – Reports

15/12/2023

SBI Securities allegedly asked investors to buy shares in stocks that it underwrote on the first day of trading to prop up their stock prices.

Capital / Liquidity

Design of Deposit Insurance Systems to Undergo Review

15/12/2023

The 2023 banking turmoil highlighted issues requiring further analysis to inform a review of IADI’s Core Principles for Effective Deposit Insurance Systems.

Securities / Derivatives

IOSCO Proposes Good Practices for Handling Market Outages

14/12/2023

IOSCO’s new consultation report identifies five good practices for trading venues to consider for improving market-wide resilience during an outage.

Securities / Derivatives

US SEC Adopts New Clearing Rules for Treasury Market

14/12/2023

The rule changes, designed to reduce the potential for systemic risk, will require more Treasury market trades to be centrally cleared.

Securities / Derivatives

Tokyo Bourse to Start Using Letters in Stock Codes

14/12/2023

All TSE listed securities are represented by 4-digit numbers. From 1 January 2024, letters will be used in stock codes for new listings.

AML / KYC

EU Lawmakers Reach Agreement on AMLA Establishment

14/12/2023

Co-rapporteur Eva Maria Poptcheva said the new Anti-Money Laundering Authority will be a “game changer to crack down on dirty money in the EU”.

Crypto / Digital Assets

Japan: Expert Panel Calls for CBDC Preparations to Start

14/12/2023

A panel of experts said work should begin “without delay” on laying the legal groundwork for the issuance of a digital yen.