Cryptocurrency

Indonesian Lawmakers Pass Major Financial Sector Reforms

20/12/2022

The legislation changes the central bank’s mandate, shifts crypto sector oversight to OJK, makes a digital rupiah legal tender, and introduces a carbon trading framework.

Tokenisation

CGS-CIMB Becomes First Brokerage to Establish Link to ADDX

20/12/2022

CGS-CIMB is providing accredited investor clients access to tokenised and fractionalised private market securities via ADDX.

Capital Adequacy

MAS to Defer Implementation of Final Basel III Reforms

20/12/2022

MAS said it will defer the implementation of the final Basel III reforms in Singapore, to between 1 January 2024 and 1 January 2025.

Trading & Investment

Shenzhen Exchange to Pilot Cross-Border Bonds to Serve GBA

20/12/2022

Issuers can be Chinese government entities or high-quality corporates. The SZSE is temporarily not charging any fees for cross-border bond listing services.

Anti-Money Laundering

IDAXA to Develop Global AML Standards for Crypto Industry

20/12/2022

IDAXA has launched a new working group, chaired by former policymaker Andrew Churchill, to propose globally harmonised AML/CFT standards for virtual asset service providers and regulators.

Trading & Investment

SFC, CSRC Announce Move to Expand Scope of Stock Connect

19/12/2022

After the expansion, Stock Connect is expected to include stocks that account for more than 80 percent of equity trading in each market.

Capital Adequacy

BNM Consults on Capital Requirements for CCP Exposures

19/12/2022

Proposed framework sets out requirements for managing risks arising from a financial institution’s exposures to CCPs in their capacity as a clearing member or a client of a clearing member.

Sustainable Finance

Bangladesh Launches New Refinance Scheme for Green Industrialisation

19/12/2022

Banks can borrow at 1% and on-lend the funds at 5%, to help borrowers finance new capital machinery and other equipment required for green industrialisation.

Data Privacy

ASIFMA Asks for Changes to SEBI Cloud Adoption Framework

19/12/2022

ASIFMA says the data localisation requirements in SEBI’s new cloud adoption framework will expose FIs to greater cybersecurity risks while negatively impacting global operations.