Crypto / Digital Assets

BOJ Holds First Meeting of Expert Panel on CBDCs

21/07/2023

The first meeting of the CBDC Forum was held on Thursday, including participation from about 60 private business operators.

Market Infrastructure

US Launches Instant Payments Service, FedNow

21/07/2023

35 early-adopting banks and credit unions are ready with instant payments capabilities via FedNow, and 16 additional service providers are supporting payment processing.

Capital / Liquidity

PBOC Raises Macroprudential Cap on Overseas Borrowing

21/07/2023

The higher cap, applicable to both financial and nonfinancial businesses, is expected to encourage more capital inflows and provide support to the yuan.

AML / KYC

Singapore Police Issues Advisory on Investment Scams

20/07/2023

The Singapore Police Force said 498 victims lost at least S$25.5mn through investment scams since June.

Market Infrastructure

Vietnam Launches New Bond Trading Platform at HNX

20/07/2023

The system will also support businesses in mobilising mid and long-term capital, helping them reduce their dependence on bank credit.

Enforcement

India: Appeals Tribunal Sets Aside SEBI Penalty Order Against NSE

20/07/2023

The Securities Appellate Tribunal said NSE had not indulged in any unethical act or unjustly enriched itself.

Securities / Derivatives

Korea: New Rules for CFD Trading to Take Effect from 1 Sept

20/07/2023

Securities firms that conduct CFD trading and brokerage business must submit investor balances to KOFIA on a daily basis.

AML / KYC

US Fed Fines Deutsche Bank for Slow Remediation of AML Deficiencies

20/07/2023

The Fed Board said Deutsche Bank made “insufficient remedial progress” under 2015 and 2017 consent orders and still has deficient AML internal controls and governance processes.

Enforcement

MAS Issues Five Year Ban on Former Prudential Representative

20/07/2023

The former representative edited and submitted 11 false invoices to Prudential and deceived the company into making payouts to her clients.