Credit Risk

RBI Issues New Framework for Compromise Settlements and Loan Write-offs

08/06/2023

The framework aims to provide further impetus to stressed asset resolutions and establish harmonised standards across lenders.

Clearing & Post-Trade

Indonesia Launches New Securities Lending and Borrowing Facility

08/06/2023

PASLA chair Jason Wells said IDClear’s new bilateral SLB facility will enable better price discovery and greater market resilience.

Conduct, Culture & Accountability

ACMA Fines CBA for Breaching Australia’s Spam Laws

08/06/2023

CBA sent more than 65 million emails that did not comply with Australia’s spam laws, the ACMA said on Wednesday.

Payments & Settlements

RBI Unveils Plans to Enhance Payment Systems

08/06/2023

The RBI will allow Indian banks to issuance RuPay prepaid forex cards and expand the scope and reach of e-RUPI digital vouchers.

Cryptocurrency

US SEC’s Binance Suit Delays Korea Gopax Acquisition

08/06/2023

The FSC has suspended planned management changes at crypto trading platform Gopax, which was acquired by Binance in February.

Trading & Investment

Bursa Gets In-Principle Approval for New Debt Fundraising Platform

08/06/2023

The Securities Commission has granted Bursa and RAM in-principle approval to manage and operate a new debt fundraising platform.

Data Privacy

Australia Confirms it Will ‘Pause’ CDR Expansion Plan

08/06/2023

Treasury is pausing plans to expand the CDR to the superannuation, insurance and telecommunications sectors.

Cryptocurrency

Philippine SEC Delayed Roll-out of Crypto Rules Last Year Due to FTX

07/06/2023

The SEC was ready to issue a new regulatory framework for crypto assets late last year, but decided to delay its release to incorporate lessons from the FTX collapse.

Structural Regulation

Korea Approves Bill to Abolish Foreign Investor Registration System

07/06/2023

The abolishment of the cumbersome registration system after 30 years is expected to boost foreign investment in Korean markets.