Capital / Liquidity

New York Fed Tightens Rules on Access to Reverse Repo Facility

26/04/2023

The tighter requirements are said to be aimed at preventing stablecoin issuers from parking their reserves at the Fed.

Crypto / Digital Assets

Binance.US Cancels Deal to Acquire Voyager Digital

26/04/2023

The DOJ indicated earlier this week that it was prepared to allow the deal to proceed. Binance.US had the right to cancel if the deal was not closed by 18 April.

Crypto / Digital Assets

Coinbase Asks US Court to Compel SEC to Provide Regulatory Clarity

26/04/2023

Coinbase is asking the court to compel the SEC to a respond to petition filed last year, which asked the regulator to propose and adopt rules for the digital assets sector.

AML / KYC

Swiss Prosecutors Indict Ex-PetroSaudi Executives in 1MDB Case

26/04/2023

The two former executives were paid by Jho Low to set up a joint venture that was used to embezzle $1.8bn from 1MDB.

AML / KYC

US Treasury Sets Out Strategy to Address De-risking

26/04/2023

Regulations could be introduced to require FIs to take financial inclusion into consideration in the design of their AML/CFT programmes.

Fintech / Regtech

HKMA, PBOC Explore Use of CBDC for Cross-border Payments

26/04/2023

HKMA deputy chief Darryl Chan said there is scope to expand the Wealth Management Connect scheme and use CDI data for cross-border finance.

MAS Proposes Stronger Safeguards for Prospecting, Marketing

25/04/2023

FIs that regularly conduct marketing and distribution activities would have to identify senior managers to exert oversight over these activities.

Market Infrastructure

ARRC Allows Expanded Use of Term SOFR for Hedging

25/04/2023

Market participants can use Term SOFR in basis swap transactions even if they are not a direct party to a Term SOFR cash exposure.

Market Infrastructure

Macau Exchange Signs Cooperative Agreement with LuxSE

25/04/2023

Under the agreement, MOX-listed securities can be admitted for listing and trading on LuxSE’s exchange-regulated market, the Euro MTF.