Capital / Liquidity

HKMA to Defer Implementation of Basel III Reforms

06/10/2022

Standards associated with credit risk, operational risk, the output floor, and the leverage ratio will implemented no earlier than 1 January 2024.

Crypto / Digital Assets

SWIFT Publishes Results of CBDC, Tokenised Asset Experiments

06/10/2022

The experiments show SWIFT can enable central banks to connect their CBDC networks to all other payment systems in the world through a single gateway.

Crypto / Digital Assets

CFTC Allowed to Serve Complaint to DAO Through Website

05/10/2022

The CFTC intends to hold any voting member of the Ooki DAO individually liable for violations of the Commodity Exchange Act and CFTC regulations.

AML / KYC

Singapore Passes Amendments to Business Trusts Act

05/10/2022

Unlisted business trusts will have to obtain and maintain information on the beneficial owners of units, and provide this information to authorities upon request.

Fintech / Regtech

NPCI Signs MOU to Enable UPI Payments in Oman

05/10/2022

NPCI and Oman’s central bank will study the possibility of connecting the UPI and RuPay card systems used in India with similar systems in Oman.

Securities / Derivatives

Korea to Relaunch Market Stabilisation Fund This Month

05/10/2022

The stabilisation fund will be worth a reported $7bn and be used to inject money in the local stock market if it continues to fall.

FMA Proposes Guidance on Keeping Proper Accounting Records

05/10/2022

The FMA offers guidance for reporting entities on their obligations under the FMC Act to keep proper accounting records.

ESG / Sustainability

Taiwan Amends Prospectus Rules to Accommodate ESG Funds

05/10/2022

The draft amendments specify the disclosures securities investment trust funds must make in their prospectuses if they are ESG-themed.

Securities / Derivatives

SEBI Extends 2FA Requirement to Fund Subscription Transactions

05/10/2022

AMCs are already required to authenticate mutual fund redemption transactions. The requirement is being extended to include subscription transactions.