Fintech / Regtech

RBI to Extend RTGS, NEFT Connectivity to Nonbanks

10/04/2021

Digital wallet providers and card networks will be able to directly connect to the RTGS and NEFT systems.

Securities / Derivatives

RBI Formalises Quantitative Easing Programme

10/04/2021

While the RBI has often purchased government securities, this is the first time it has committed to an amount upfront.

Enforcement

Australian Court Orders Penalty Against CBA for Overcharged Interest

10/04/2021

CBA was ordered to pay A$7mn for a systems error that resulted in over 1,500 customers being charged a higher interest rate on overdraft accounts.

Enforcement

Malaysian Court Orders Restitution for 2009 Investment Scheme

10/04/2021

The Securities Commission had filed a civil suit against RBTR Asset Management and five others in 2009 for misleading investors.

Securities / Derivatives

SGX, NZX Sign Partnership on Dairy Derivatives

10/04/2021

NZX intends to delist its suite of dairy derivatives contracts from the NZX Derivatives Market and relist equivalent contracts on SGX.

Market Infrastructure

IMF Launches Climate Change Indicators Dashboard

08/04/2021

The platform brings together experimental climate change indicators to fill existing data gaps and allow comparisons across countries.

UPDATED – Bangladesh: Banks, Stock Exchanges Shorten Work Hours

08/04/2021

Banks were asked to carry out all transactions from 10am to 12.30pm during the lockdown and to only keep branches open until 2pm.

Enforcement

NH Investment Asked to Fully Compensate Optimus Investors

08/04/2021

An FSS arbitration panel has advised NH Investment to pay full compensation to two investors for failing to properly explain the risks of Optimus funds.

Big Picture

Exchanges Seek Better Calibration of Circuit Breakers: WFE

08/04/2021

Eleven exchanges recalibrated their circuit breakers during the pandemic or as a consequence of it, according to a new WFE paper.