Capital / Liquidity

US Fed Considers Closing ‘Loophole’ for Midsize Banks

24/04/2023

The Fed is considering removing an exemption that allows midsize banks to avoid disclosing and holding capital against unrealised losses on “available for sale” securities.

Capital / Liquidity

US Regulators Propose Stricter Approach to Supervising Non-banks

24/04/2023

The proposals will make it easier to designate investment managers, insurers and other nonbank financial groups as systemically important.

US Consumer Protection Agency Suffers Data Breach

24/04/2023

A  CFPB employee sent spreadsheets and other documents containing data of over 250,000 consumer accounts to their personal email account.

Securities / Derivatives

Taiwan to Strengthen Supervision on the Use of Robo-Advisers

24/04/2023

The maximum fine for malpractice at securities companies will be raised from TWD 3.6 million currently to TWD 15 million.

Fintech / Regtech

FSC Korea Enhances Fintech Sandbox Programme

24/04/2023

Moving forward, the FSC will be recruiting D-Testbed participants twice a year instead of once.

AML / KYC

Australia to Establish SMS Sender ID Registry

24/04/2023

The move will add a “new layer of protection” for Australian consumers against scammers using these known brands to target and deceive.

Crypto / Digital Assets

US Government to Allow Voyager-Binance.US Deal to Proceed

24/04/2023

The DOJ is prepared to allow the deal to proceed, provided that the contentious elements be put on hold pending a legal appeal.

Crypto / Digital Assets

FIX Protocol Adopts Digital Token Identifier ISO Standard

24/04/2023

Adding the DTI to FIX will allow the industry to incorporate the trading and settlement of digital assets into their current trading and settlement operations.

Securities / Derivatives

China to Open More Derivatives to QFIs in Q3: Sources

24/04/2023

Chinese regulators are said to also be considering a proposal to link a CME Group derivatives product with its China-listed counterpart.