Payments & Settlements

India, Sri Lanka Sign UPI Acceptance Agreement

24/07/2023

India and Sri Lanka signed a network-to-network agreement to enable UPI acceptance in Sri Lanka.

Structural Regulation

China to Loosen Rules on Foreign Investment in Asset Management Firms

24/07/2023

The draft rules will relax regulations on foreign investment in asset management businesses as part of a drive to attract more overseas investors.

Structural Regulation

HKEX Amends Listing Rules to Match CSRC’s Overseas Listing Requirements

24/07/2023

Mainland issuers seeking a listing in Hong Kong will have to submit to HKEX a CSRC notification that confirms their completion of the Mainland filing procedures.

Cybersecurity

Banks Targeted by Open-Source Software Supply Chain Attacks

24/07/2023

Checkmarx detected the first known open-source supply chain attacks targeting the banking sector.

Fraud, Scams & Cybercrime

Australia’s New Anti-Scam Centre Holds First Advisory Board Meeting

24/07/2023

The Advisory Board agreed to develop a naming convention for scams that will underpin the data sharing and analytics needed to disrupt scams.

Operational Risk

APRA Finalises Guidance on Super Fund Investment Governance

23/07/2023

The guidance covers liquidity management, stress testing, valuation practices, and ESG expectations.

Structural Regulation

Former CBIRC Branches Rebrand Under New NFRA Umbrella

23/07/2023

A more detailed reform plan outlining the NFRA’s institutional structure, personnel and responsibilities is expected by end August.

Stablecoins

Myanmar’s Opposition Government Launches Neobank

23/07/2023

Users of ‘Spring Development Bank’ will be able to deposit foreign currency and receive USDT, which can also be exchanged for MMK.

KYC & CDD

SEBI to Start Requiring FPIs to Provide LEI to Trade in India

23/07/2023

SEBI plans to give non-individual FPIs six months to provide an LEI, failing which their accounts will be blocked for further purchases.