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Crypto / Digital Assets
Singapore to Set Crypto Client Onboarding Standards for Banks
10/04/2023
The “industry-driven project” has been ongoing for about six months, with participation from MAS and Police in a banks-led working group.
Fintech / Regtech
ACCC Warns of Penalties for Poor Quality Open Banking Data
10/04/2023
Enforcement efforts will be focused on issues involving the quality of product reference data such as incorrect interest rates and missing data.
ESG / Sustainability
BNM, SC to Engage Energy Sector on ASEAN Taxonomy Readiness
10/04/2023
Consultations with the energy sector will be used to finalise Version 2 of the ASEAN Taxonomy, which is set to take effect in early 2024.
Market Infrastructure
Taiwan, Canadian Regulators Cross-border Clearing MoU
10/04/2023
The MoU supports TAIFEX’s application for recognition as an exempted clearing agency in Ontario, which will enable Canadian FIs to use its clearing service.
Crypto / Digital Assets
ANZ Completes First Use Case Test for CBDC Pilot
10/04/2023
ANZ tokenised ACCUs that were purchased by Grollo Carbon Ventures. Settlement occurred using ANZ’s stablecoin, which was backed by pilot CBDC.
Enforcement
US Authorities Charge Fintech Founder for Defrauding JPMorgan
10/04/2023
The fintech founder fraudulently induced JPMorgan to acquire her startup in September 2021 by making up data, the SEC said.
Australia Proposes to Improve Superannuation Performance Test
09/04/2023
A review of the YFYS reforms that commenced in September found that the performance can encourage short-termism and discourage.
Market Infrastructure
RBI to Permit Local Users to Access Onshore NDF Market
09/04/2023
The move is intended to further deepen the forex market in India and provide residents with greater hedging flexibility, RBI governor Shaktikanta Das said.
Securities / Derivatives
Morgan Stanley Applies to Open Futures Business in China
09/04/2023
If approved, Morgan Stanley would become the second foreign bank to wholly own a futures business in China, after JPMorgan.
ESG / Sustainability
DWS Targets Climate With Largest Ever US ETF Launch
09/04/2023
The passive fund began trading on the NYSE with $2bn of assets, backed by Finnish pension insurance company Ilmarinen.
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