Crypto / Digital Assets

BIS Innovation Hub Concludes Joint CBDC Experiment With BOE

19/06/2023

Project Rosalind explored how a universal and extensible API layer could connect central bank and private sector infrastructures and facilitate retail CBDC payments.

Crypto / Digital Assets

Industry Raises Concerns Over SEC Proposal to Redefine Exchanges

18/06/2023

SIFMA says the SEC’s attempt to bring DeFi systems into scope could potentially subject other non-DeFi broker-dealer systems to unnecessary regulation.

Market Infrastructure

FIA Issues Standard to Promote Timely Trade Give-Ups and Allocations

18/06/2023

The standard focuses on streamlining the delivery and processing of allocation instructions. A consultation on average pricing was also launched.

Market Infrastructure

FRAA Proposes Draft Metrics Framework for Assessing APRA, ASIC

18/06/2023

The framework will enhance the Financial Regulator Assessment Authority’s assessment toolkit and provide direct insights on APRA and ASIC’s activities.

Fintech / Regtech

New Zealand Updates Expectations on Use of Generative AI

18/06/2023

New Zealand Privacy Commissioner Michael Webster said AI users and developers need to make sure they are compliant with privacy law.

Capital / Liquidity

Taiwan Implements Additional Controls on Mortgage Lending

17/06/2023

The central bank attributed the tighter credit controls to the increasing number of individuals taking out mortgages for second homes.

Big Picture

Banque de France Says Second Version of MiCA is Needed

17/06/2023

Francois Villeroy de Galhau highlighted that MiCA currently does not cover crypto conglomerates, crypto lending, DeFi and NFTs.

Market Infrastructure

Fed Launches Database of Firms With Access to Master Accounts

17/06/2023

The database also lists financial institutions that have requested access to master accounts and services, and the status of each request.

AML / KYC

TSB Calls on Meta to Take Responsibility for Social Media Frauds

16/06/2023

TSB says Meta should take five steps to protect consumers, including issuing a commitment to investigating and removing fraudulent content within 24 hours.