Trading & Investment

CommSec, AUSIEX Fined A$27m for Market Integrity Rule Breaches

27/10/2022

CommSec and AUSIEX demonstrated “widespread, systemic compliance failures” over a nine-year period, said ASIC deputy chair Sarah Court.

Anti-Money Laundering

Korea to Increase Scrutiny of Money Laundering Risks via Crypto

27/10/2022

The FSC will increase scrutiny of crypto tokens listed by just a single VASP, stablecoin transaction volumes, and customers making large deposits.

Structural Regulation

FCA Explores Competition Risks from BigTech in Retail Financial Services

27/10/2022

The consultation focuses on Big Tech firms’ entry and expansion into four retail sectors – payments, deposit taking, consumer credit and insurance.

Trading & Investment

Refinitiv Launches Prototype Forward-Looking €STR Term Rate

27/10/2022

The prototype rate can be used in testing to prepare for the introduction of robust fallback language in EURIBOR contracts.

Structural Regulation

CFTC Grants Exemptions to Three More Singapore RMOs

27/10/2022

The CFTC granted SEF registration exemptions to Bloomberg Tradebook Singapore, SGX FX Markets (BidFX), and Synoption.

Anti-Money Laundering

Hong Kong Customs Arrests Two for Laundering HK$3.5bn

27/10/2022

The money was laundered by reselling precious metals. The case is the largest-ever money laundering case for Hong Kong Customs.

Trading & Investment

BSE India Launches Trading in Electronic Gold Receipts

27/10/2022

Individual investors as well as commercial participants like importers, banks, refiners, and jewellery manufacturers can participate.

CBDCs

BIS Innovation Hub Releases mBridge Report, Sets Out Next Steps

27/10/2022

The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.

AI Risk & Governance

GIFT City, Japan Fintech Body to Cooperate on Innovation

27/10/2022

GIFT City and the Fintech Association of Japan plan to launch a fintech accelerator and other entrepreneurial programmes.