Market Infrastructure

Market Infrastructure

Australia Passes Legislation on Tax Transparency and Global Minimum Tax

By Editors | 03/12/2024

Certain multinational enterprises will begin public country-by-country reporting of tax and other financial information, backdated from 1 July 2024.

Market Infrastructure

HKMA Issues New Statutory Guideline on Cyber Risk Management

By Manesh Samtani | 03/12/2024

The SPM module articulates the HKMA’s policy, overarching principles, and supervisory approach on banks for managing cyber risks.

Securities / Derivatives

SEBI to Make Stock Exchanges Interoperable to Guard Against Outages

By Editors | 02/12/2024

The NSE and BSE will act as alternative trading venues for each other when a technical glitch or outage occurs at either exchange.

Market Infrastructure

Australia Passes Law Giving ACCC Enhanced Merger Approval Powers

By Thisanka Siripala | 01/12/2024

The law introduces a mandatory notification system for mergers above certain thresholds and the ACCC will be the decision maker on approvals.

Crypto / Digital Assets

HKMA Announces Launch of Digital Bond Grant Scheme

By Editors | 30/11/2024

The scheme offers grants of up to HK$2.5mn for each eligible digital bond issuance to promote bond tokenisation in Hong Kong.

Fintech / Regtech

Japan Report Calls for Urgent Action to Address Quantum Risks

By Thisanka Siripala | 30/11/2024

Japanese FIs should have quantum-resistant cryptographic algorithms within high-priority systems ready for use by the mid-2030s.

Market Infrastructure

BOK Cuts Rates Again in Response to Trade Uncertainties

By Editors | 30/11/2024

This is the first back-to-back rate cut since 2019, signalling concerns over the clouded outlook for Korea’s export-reliant economy.

Market Infrastructure

Australian Parliament Passes First Tranche of Privacy Law Reforms

By Editors | 29/11/2024

The reforms expand the OAIC’s powers, giving it monitoring, investigative and inspection powers and the ability to issue infringement and compliance notices.

Market Infrastructure

Russian Central Bank Intervenes to Support Crashing Ruble

By Manesh Samtani | 29/11/2024

The ruble’s sharp fall to levels not seen since March 2022 is attributed to sanctions imposed by the US on Gazprombank.