Crypto / Digital Assets

DSB Seeks Additional Expertise in OTC Derivatives, Digital Assets

17/02/2023

The DSB Product Committee is seeking increased representation from Asia and additional expertise in digital assets-related OTC derivatives.

AML / KYC

Sanctioned Crypto Mixer Relaunched Under New Name

16/02/2023

Blockchain analytics firm Elliptic found a trail of transactions linking sanctioned crypto mixer Blender to a new mixing service that was launched in October.

AML / KYC

Banks Should Use CDI to Streamline KYC, Credit Processes: HKMA

16/02/2023

Banks with material SME business are expected to complete their technical connection to the CDI and CCRA@CDI before the end of this year.

Crypto / Digital Assets

CME to Launch Event Contracts on Bitcoin Futures

16/02/2023

The new event contracts will provide a highly transparent and less complex way for investors to access crypto markets, said Tim McCourt.

ACCC Launches Inquiry into Bank Rate-Setting Practices

16/02/2023

The ACCC said banks have in most cases “fully passed” through interest rate hikes to their home loan rates, but less so to interest rates on deposit products.

Market Infrastructure

US SEC Sets May 2024 Target for Move to T+1 Settlement Cycle

16/02/2023

SEC commissioners Hester Peirce and Mark Uyeda say the 28 May 2024 effective date does not leave enough time for the market to transition.

NZ FMA Finalises New Reporting Requirements for Advisers

16/02/2023

The FMA said the first regulatory returns will be due by 30 September 2024, for the 12-month period ending 30 June.

Crypto / Digital Assets

US SEC Proposes to Tighten Custody Rules Including for Crypto

15/02/2023

The proposed change is expected to make it more difficult for asset managers to invest in crypto assets on behalf of clients.

Market Infrastructure

ASIC to Modify Scope of Clearing Derivatives Obligation

15/02/2023

ASIC proposes to replace products referencing USD LIBOR with OIS contracts referencing SOFR, and to remove AUD forward rate agreements.