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Data Privacy
Korea Establishes Taskforce to Improve Data Regulations
19/05/2023
The taskforce was established to lay the groundwork for promoting “data-driven innovation” in the financial industry.

Supervision & Enforcement
China Inaugurates New National Financial Regulator
19/05/2023
The NFRA absorbs the CBIRC in its entirety, and takes over certain functions from the PBOC and CSRC.

CBDCs
NY Fed, MAS Publish Results from Cross-Border Payments Study
19/05/2023
Each simulated payment scenario achieved end-to-end settlement in under thirty seconds on average using wholesale CBDCs.

Market Abuse
SEBI to Tweak Definitiion of ‘Unpublished Price Sensitive Information’
19/05/2023
SEBI’s amendments aim to improve transparency in the capital market and ensure timely and accurate disclosure of material events or information by listed entities.

Anti-Money Laundering
Deutsche Bank to Settle Jeffrey Epstein Lawsuit for $75m
19/05/2023
The lawsuit brought by an unnamed woman in November claimed Deutsche Bank missed red flags in Epstein’s accounts and chose profit over following the law.

CBDCs
HKMA Launches e-HKD Pilot Programme With 16 Firms
19/05/2023
HSBC, StanChart, BOCHK, CCB, ICBC, Hang Seng Bank, Alipay, Ripple, Visa, Mastercard and ZA Bank are among those involved in HKMA’s pilot.

Conduct, Culture & Accountability
SFC Fines Brokerage for Negligence During Share Placement
19/05/2023
China On Securities used incorrect prices in contract notes and transferred shares to placees without first requiring payment.

Structural Regulation
CSRC, PBOC Reduce Budget Allocations for Staff Salaries
19/05/2023
The changes are part of a drive to reduce income disparity as well as a broader overhaul of the financial regulatory system announced in March.

PEPs & Sanctions
Top EU Official Concerned by Russian Oil Flowing into Europe
18/05/2023
India is buying heavily discounted crude oil from Russia and selling full-priced refined products into Europe. Josep Borrell said the EU must act.

Tokenisation
GFMA Report Details How DLT Will Benefit Capital Markets
18/05/2023
The report calls for market participants to proactively shape the future use of DLT and for policymakers to provide greater regulatory clarity.
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