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Market Infrastructure
BIS Warns Central Banks of Inflation Threat
By Editors | 28/06/2022
The BIS warns that the dangers of stagflation “loom large” due to lingering disruptions from the pandemic, the war in Ukraine, and soaring commodity prices.
Fintech / Regtech
China Tightens Anti-Monopoly Rules to Improve Oversight
By Editors | 28/06/2022
The amendments seek to encourage innovation while also protecting fair competition in the market, incuding by raising penalties for monopolistic behaviour.
Market Infrastructure
US Lawmakers Conclude Review Into Meme Stock Market Event
By Editors | 28/06/2022
A House committee says the SEC should introduce a liquidity rule for clearing brokers and FINRA should establish liquidity planning requirements.
Fintech / Regtech
Impacts of New PCPD Guidance on Cross-border Data Transfers
By Albert Yuen | 27/06/2022
FIs in Hong Kong should review whether their commercial agreements contain requirements equivalent to the recommended model contractual clauses, say Albert Yuen and Eunice Lee.
Market Infrastructure
Court Rules Foreign Banks Must Face LIBOR Lawsuits in US
By Editors | 26/06/2022
The Supreme Court has allowed lawsuits accusing foreign banks of manipulating LIBOR to be heard in New York even though the banks did not operate in the US.
Market Infrastructure
HKEX Instructs Market to Stop Issuing BCANs to Mainland Investors
By Editors | 24/06/2022
The instructions follow a December 2021 consultation from the CSRC that said Mainland investors would not be allowed to engage in northbound Stock Connect trading.
Market Infrastructure
NZ FMA Issues Guidance on Financial Sector Cyber Resilience
By Editors | 24/06/2022
The financial services sector recorded more cyber incidents than all other industries in New Zealand in the quarter ending March.
Securities / Derivatives
SFC Cites Conduct, Technology and Climate as Key Priorities
By Editors | 23/06/2022
The SFC’s latest annual report highlights work to enhance book building and placing practices, regulate fund trustees and custodians, and enhance climate disclosure for fund investors.
Market Infrastructure
Korea Post Offices to Start Offering Simple Banking Services
By Sanday Chongo Kabange | 22/06/2022
Korea’s post offices will start offering deposit, withdrawal, balance inquiry and ATM services of four banks – Kookmin, Shinhan, Woori and KEB Hana.
Fintech / Regtech
NPCI, Lyra Network Sign MOU to Allow UPI Payments in France
By Editors | 22/06/2022
The MOU will allow Indians to make payments in France using UPI and Rupay cards at terminals and ATMs provided by Lyra Networks.
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