Fintech / Regtech

Australia Consults on CDR Expansion to Non-bank Lenders

30/08/2023

The Consumer Data Right regime will apply to the non-bank lending sector in stages, starting from 1 November 2024.

Crypto / Digital Assets

US Court Orders SEC to Review Grayscale Bitcoin ETF Application

30/08/2023

The court said the SEC failed to adequately explain why it approved the listing of bitcoin futures ETPs but not Grayscale’s proposed spot bitcoin ETF.

ESG / Sustainability

Carbon Credit Registry Launches in Singapore, Hong Kong

30/08/2023

The new carbon credit registry, launched by Singapore-based Asia Carbon Institute, is among the first for Asia.

AML / KYC

Indian Banks Working on New Industry Platform to Combat Fraud – Report

30/08/2023

The platform will enable banks to share real-time information that can be used to stop digital fraud and trace the funds.

ESG / Sustainability

Verra Releases Version 4.5 of the VCS Standard

30/08/2023

The changes to the Verified Carbon Standard Programme strengthen its usability, transparency, integrity, and alignment with other carbon markets initiatives.

AML / KYC

Malaysia Freezes Bank Accounts, Makes Arrests in Bribery Probe

30/08/2023

The probe involves more than MYR 6 million in bribes allegedly paid to prominent figures and political leaders by a gambling company.

Market Infrastructure

SEBI Proposes to Increase Flexibility of New Social Stock Exchanges

30/08/2023

SEBI proposes to reduce the minimum issue size and the minimum application size to facilitate more fund-raising for NPOs.

Enforcement

CFTC Fines Goldman Sachs for Missing Audio Recordings

30/08/2023

Goldman’s vendor service for recording mobile calls failed during the pandemic. Commissioner Caroline Pham said the penalty is unfair.

Capital / Liquidity

US Proposes New Resolution Planning, Debt Rules for Banks

30/08/2023

Large banks would have to raise their long-term debt issuance by an estimated $70bn and issue more detailed resolution plans.