Payments & Settlements

India, New Zealand Start Talks on UPI-based Payments Link

30/08/2023

NPCI and Payments NZ are in early discussions regarding the use of the UPI system to establish a cross-border payment link.

Supervision & Enforcement

US SEC Fines Citigroup for ‘Wilful’ Record-Keeping Violations

30/08/2023

The SEC said Citigroup Global Markets used an “unsubstantiated and unverified” method to calculate and record indirect expenses associated with its underwriting work.

Capital Adequacy

FSB Commences Review of Post-GFC Securitisation Reforms

30/08/2023

The FSB will assess the extent to which the securitisation reforms are achieving their intended objectives.

Clearing & Post-Trade

KSD-Clearstream Trading Link to Open in H1 2024

30/08/2023

KSD’s agreement with Clearstream comes just a day after it signed a similar agreement with Euroclear, to open access to Korean government bonds.

Trading & Investment

Taiwan Allows Domestic Stocks to be Used as Collateral Overseas

30/08/2023

The measure will allow foreign investors to participate in overseas investment activities without having to sell their positions in Taiwan stocks.

Data Privacy

Australia Consults on CDR Expansion to Non-bank Lenders

30/08/2023

The Consumer Data Right regime will apply to the non-bank lending sector in stages, starting from 1 November 2024.

Cryptocurrency

US Court Orders SEC to Review Grayscale Bitcoin ETF Application

30/08/2023

The court said the SEC failed to adequately explain why it approved the listing of bitcoin futures ETPs but not Grayscale’s proposed spot bitcoin ETF.

Sustainable Finance

Carbon Credit Registry Launches in Singapore, Hong Kong

30/08/2023

The new carbon credit registry, launched by Singapore-based Asia Carbon Institute, is among the first for Asia.

Fraud, Scams & Cybercrime

Indian Banks Working on New Industry Platform to Combat Fraud – Report

30/08/2023

The platform will enable banks to share real-time information that can be used to stop digital fraud and trace the funds.