Enforcement

RBNZ Concludes Work to Enhance Enforcement Framework

27/01/2023

The framework consists of three documents setting set how the RBNZ selects matters for investigation, conducts investigations, and takes enforcement decisions.

Enforcement

Morgan Stanley Fines Staff Over Use of Messaging Platforms

27/01/2023

The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.

Capital / Liquidity

RBI Proposed New Securitisation Framework for Stressed Assets

27/01/2023

Banks would be able to sell stressed assets to special purpose entities that issue securitisation notes for investors to buy.

Crypto / Digital Assets

ISDA Launches Standard Definitions for Digital Asset Derivatives

27/01/2023

ISDA says the definitions set clear provisions for execution and settlement and will help to reduce credit and market risk in digital asset trading.

Enforcement

SEBI Targets Front-running in Nationwide Raids

27/01/2023

Individuals would take positions on certain stocks prior to so-called ‘market experts’ going on live television to recommend those same stocks.

New Zealand to Increase Foreign Reserves Holdings

27/01/2023

New Zealand will look to increase its foreign reserves holdings over “a number of years” in order to minimise the market impact.

BSP Raises Interest Rate Caps for Credit Card Issuers

27/01/2023

The BSP says the higher caps will cushion the impact of inflationary pressure and interest rate hikes on banks and credit card issuers.

Fintech / Regtech

New Network Launches to Facilitate Stablecoin, CBDC Transfers

27/01/2023

Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.

AML / KYC

Crypto Exchange Coinbase Fined in the Netherlands

26/01/2023

The DNB said Coinbase was offering services to Dutch users before it was formally registered as required by local laws.