Fintech / Regtech

RBI Calls on Fintech Industry to Establish Self-Regulatory Body

07/09/2023

The RBI’s Shaktikanta Das and T Rabi Sankar said an SRO would be the best way to regulate the fintech industry and establish best practice standards.

Capital / Liquidity

FSB Warns of Financial Stability Risks from ‘Hidden’ NBFI Leverage

07/09/2023

The FSB has identified pockets of high leverage in the NBFI sector and outlines policy implications to address these vulnerabilities.

Fintech / Regtech

SGX Gains Connectivity to FIA Tech’s Trade Data Network 

07/09/2023

The new connectivity will give SGX members greater transparency into their trade give up/ take in process.

Crypto / Digital Assets

UK Completes Discovery Phase of ‘Regulated Liability Network’

06/09/2023

In the next phase, a PoC will continue testing the Regulated Liability Network for consumer domestic payments involving retail CBDC.

Enforcement

Taiwan FSC Suspends Executive for Unlicensed TV Appearances

06/09/2023

Uni-President Investment Consulting was fined and its general manager suspended because she discussed stock analysis on TV without an analyst licence.

Sanctions

China to Launch New State Investment Fund for Chip Sector

06/09/2023

The new fund will have a fundraising target of CNY 300 billion, a fifth of which will come from the Ministry of Finance.

Crypto / Digital Assets

MAS Grants RMO Licence to Digital Asset Exchange AsiaNext

06/09/2023

AsiaNext, formed in 2021 as a joint venture between SBI Digital Asset Holdings and SIX Group, will cater exclusively to institutions.

Securities / Derivatives

SEBI Creates New ‘Abridged Prospectus’ Format for Debt Issuance

06/09/2023

The new format will further simplify and provide greater clarity and consistency in the disclosures by debt issuers, SEBI said.

AML / KYC

ACRA Working on Bill to Cap Nominee Directorships – Report

06/09/2023

Amendment bill may also increase financial penalties for corporate service providers that breach their AML obligations.