Capital / Liquidity

Australia: Bond Losses Wipe Out Central Bank’s Equity

22/09/2022

An accounting loss of A$36.7bn depleted the RBA’s reserve funds and left it with a negative net equity position of A$12.4bn.

Enforcement

Australia Court Orders Retrial of Banned Mayfair 101 Director

21/09/2022

ASIC put a “legally incorrect case” and the primary judge made orders “based on a legally correct case not put”, the court said.

Fintech / Regtech

BSP Tightens Prudential Requirements for Digital Banks

21/09/2022

Digital banks must meet the same Basel III capital, liquidity and leverage requirements applicable to universal and commercial banks.

Crypto / Digital Assets

Deutsche Börse Goes Live With Digital Securities Platform

21/09/2022

The D7 platform allows FIs to issue digital financial instruments, providing an alternative to conventional physical issuance and securities processing.

Crypto / Digital Assets

Thailand SEC Issues New Rules on Crypto Custody

21/09/2022

Digital asset depository service providers already in business have until 11 October to submit a licence application to the SEC.

Securities / Derivatives

SGX Launches New FX Trading Venue for OTC Trades

21/09/2022

CurrencyNode is an FX trading venue that connects global participants anonymously to unique and deep OTC FX liquidity pools.

Crypto / Digital Assets

China to Expand CBDC Testing in Guangdong, Other Provinces

21/09/2022

The central bank will expand its digital yuan testing to include Guangdong, Jiangsu, Hebei and Sichuan in their entirety.

Securities / Derivatives

Shanghai, Shenzhen Launch New ETF Options Contracts

21/09/2022

Officials said the new contracts will help improve China’s capital market system and its ability to serve the real economy.

Crypto / Digital Assets

Binance Set to Secure Crypto Licence for the Philippines

21/09/2022

Binance is in late stage talks to buy a Philippine company that already has VASP and electronic money issuer licences.