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Korean Banks Start Publicly Disclosing Interest Rate Spreads
23/08/2022
The new disclosures are expected to push banks to increase the interest rates they pay on deposit products, and slow down the pace of interest rate hikes on loans.
Securities / Derivatives
CSRC Approves New Options at Zhengzhou Commodity Exchange
23/08/2022
Trading in rapeseed oil and peanut options will commence on the Zhengzhou Commodity Exchange from 26 August.
ESG / Sustainability
IMF Issues Staff Note on Mobilising Climate Finance
23/08/2022
The IMF staff note explores the factors that limit climate finance and what policymakers can do to address them, particularly in emerging market and developing economies.
Market Infrastructure
China Cyberspace Regulator Says it Supports Foreign Listings
23/08/2022
The CAC said it supports the healthy development of China’s internet companies and their use of overseas capital markets for fundraising.
Enforcement
US Court Allows Use of Crypto Firm’s Records to Identify Tax Cheats
23/08/2022
Crypto prime dealer SFOX will have to reveal the identities of customers who are US taxpayers and information on their crypto transactions.
Fintech / Regtech
DTCC Goes Live With New DLT-Based Settlement Platform
23/08/2022
The Project Ion platform is now parallel processing an average of over 100,000 bilateral equity transactions per day.
Enforcement
BSP to Increase Penalties for Misreporting of FX Transactions
23/08/2022
The new penalties regime is intended to help protect the value of the Philippine peso, maintain price stability, and deter future violations.
AML / KYC
India, Russia Continue to Explore Non-USD Trade Options
23/08/2022
Indian and Russian banks are discussing the use of customised trade accounts and an exchange rate mechanism that will enable trade settlement in rupees and rubles.
AML / KYC
Malaysia to Enhance AML Supervision of Company Secretaries, Trust Companies
23/08/2022
The Companies Commission of Malaysia will “take on greater responsibility” in supervising company secretaries and trust companies “in the near future”.
Crypto / Digital Assets
Australia Set to Begin Consultation on Crypto Regulation
23/08/2022
Treasury will prioritise ‘token mapping’ work in 2022, to help identify how crypto assets and related services should be regulated. A consultation will be released “soon”.
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