FINTECH / REGTECH

Securities / Derivatives

Ransomware Attack Against ION Markets Hit Derivatives Traders

By Manesh Samtani | 03/02/2023

The incident has forced firms to manually process derivatives trades. Ransomware gang Lockbit has threatened to publish stolen data unless a ransom is paid.

Fintech / Regtech

BSP Invites Firms to Participate in Open Finance Rule-Making

By Sanday Chongo Kabange | 02/02/2023

Financial institutions and fintech firms are invited to participate in the development of rules and standards for the Philippine Open Finance Pilot.

Crypto / Digital Assets

EIB Issues First GBP Digital Bond on Public Blockchain

By Editors | 01/02/2023

The issue marks the first ever digital bond denominated in GBP, as well as the first public issuance on Orion, HSBC’s new tokenisation platform.

Big Picture

Responsible Innovation in Financial Markets: Observations from the Trenches

By Manoj Ramia | 01/02/2023

Digital Asset’s Manoj Ramia says responsible financial innovation should be informed by reality, focus on solving real problems and stay within regulatory guardrails.

Capital / Liquidity

FSC Korea Unveils 12 Policy Initiatives in 2023 Work Plan

By Manesh Samtani | 31/01/2023

The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.

Crypto / Digital Assets

JPX Starts Using Blockchain Tech to Settle Rubber Futures Deliveries

By Editors | 31/01/2023

The new system digitises delivery orders required for the physical delivery of rubber when futures contracts expire, thereby enhancing settlement efficiency.

Fintech / Regtech

BOJ Examines Use of Privacy Enhancing Technologies for CBDC

By Mark Johnston | 29/01/2023

A CBDC could be supported by the use of privacy-enhancing technologies to anonymise data while still allowing for AML/CFT analysis, the BOJ says.

Enforcement

Morgan Stanley Fines Staff Over Use of Messaging Platforms

By Editors | 27/01/2023

The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.

Fintech / Regtech

New Network Launches to Facilitate Stablecoin, CBDC Transfers

By Editors | 27/01/2023

Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.