CBDCs

RBA to Explore Australia-specific Use Cases for CBDC

10/08/2022

The research project is expected to take about a year to complete and will involve the development of a limited-scale CBDC pilot operating in a ring-fenced environment.

Cryptocurrency

Iran Makes First Import Order Using Crypto – Report

10/08/2022

By end September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries, an Iranian official said.

Payments & Settlements

RBI Defers Deadline for Acquiring Banks to Purge Customer Card Data

09/08/2022

All entities in the transaction chain other than acquiring banks, card issuers and card networks must purge card-on-file data from 1 October 2022.

Emerging Prudential Risks

China Regulators Concerned of Shadow Banking Resurgence

09/08/2022

China’s National Audit Office has been reviewing the books of at least 20 trust firms. The CBIRC is strengthening its risk monitoring.

PEPs & Sanctions

Russia Bars Asset Sales by Investors from Unfriendly Nations

09/08/2022

A presidential decree prevents investors from so-called unfriendly countries from selling their stakes in banks, strategic entities, and other projects.

KYC & CDD

SEBI Issues Rules on Trading Account Deactivation for Inadequate KYC

09/08/2022

Trading or demat accounts will be automatically deactivated if a show-cause notice or order issued by SEBI is undeliverable at the addresses mentioned in KYC records.

Market Abuse

Taiwan FSC Penalises Eastspring for Violations by Former CIO

09/08/2022

The former chief investment officer used “another person’s account” to trade the same stock that was being traded by Eastspring.

Market Risk

MAS Revises Notice to Implement IRRBB Disclosure Requirements

09/08/2022

The revised Notice 637 will take effect from 1 January 2023, implementing the revised Pillar 3 disclosure requirements for IRRBB.

Market Data & Technology

Japan QUICK Corp to Disseminate Real Time ODX Data

09/08/2022

QUICK Corp will disseminate real time market information obtained from Osaka Digital Exchange’s Proprietary Trading System for listed securities.