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MARKET INFRASTRUCTURE
Crypto / Digital Assets
HKMA Commences wCBDC Project to Drive Tokenisation
By Editors | 07/03/2024
Project Ensemble could help to forge new financial market infrastructure that can bridge tokenised assets and money in transactions, the HKMA said.
Enforcement
ASIC Issues First Ever Penalty Against Market Operator
By Sanday Chongo Kabange | 07/03/2024
ASX has paid A$1.05mn for a pre-trade transparency failure caused by “carelessness rather than recklessness or intentional misconduct”.
Fintech / Regtech
BNM to Upgrade RENTAS, Including to Facilitate CBDC
By Sanday Chongo Kabange | 07/03/2024
BNM’s modernisation plan for RENTAS includes future-proofing the system and enhancing its risk management functionalities.
ESG / Sustainability
Taiwan to Help Eswatini Establish Carbon Exchange
By Sanday Chongo Kabange | 07/03/2024
The TWSE and TCX signed MoUs with the Eswatini Stock Exchange to enhance cooperation including in carbon credit business.
Market Infrastructure
Japan to Permanently Cease Euroyen TIBOR on 30 December
By Editors | 07/03/2024
ISDA confirmed that the announcement from JBA TIBOR Administration “constitutes an index cessation event”.
Fintech / Regtech
BSP to Enhance Reporting Rules for Money Services Businesses
By Editors | 06/03/2024
MSBs would also need to notify the BSP within five days of any event which may have a significant negative impact on their business or reputation.
Market Infrastructure
RBNZ: New Cyber Reporting Rule to Start Next Month
By Sanday Chongo Kabange | 06/03/2024
Regulated entities will be required to report material cyber incidents to the RBNZ within 72 hours starting from 8 April 2024.
Big Picture
Japan’s Market and Corporate Reforms – New Dawn or Déjà Vu?
By Gavin Blair | 05/03/2024
Reforms to boost the capital market and asset management sector are driving optimism in Japan.
Sanctions
BRICS Nations to Create Blockchain-based Payment System
By Editors | 05/03/2024
The move aimed at increasing the role of the BRICS in the international monetary system and reducing reliance on US dollars.
Big Picture
BIS Explores Design Features of Fast Payment Systems
By Editors | 05/03/2024
New BIS article outlines the main design features of fast payment systems that may foster adoption, such as allowing non-bank participation.
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