MARKET INFRASTRUCTURE

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    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.

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    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.

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    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.

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    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.

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    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.

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    AML / KYC

    FCA Unveils New 5-year Strategy to Boost Trust in UK Market

    By Editors | 29/11/2024

    FCA chief operating officer Emily Shepperd said tackling financial crime is one of four pillars of the new strategy.

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    Market Infrastructure

    ASX Targets 2029 Delivery for CHESS Replacement Project

    By Sanday Chongo Kabange | 28/11/2024

    Release 1 (clearing services) will be delivered by 2026 and Release 2 (settlement and subregister services) in 2029.

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    Securities / Derivatives

    SEBI Proposes to Diversify Ownership of Clearing Corporations

    By Editors | 26/11/2024

    SEBI proposes two options to diversify ownership of clearing corporations to allow them to operate as public utilities free from commercial, profit-making considerations.

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    Fintech / Regtech

    IOSCO Publishes Final Guidance on Post Trade Risk Reduction Services

    By Manesh Samtani | 26/11/2024

    The guidance addresses risks relating to control and governance around algorithms, fair treatment of participants, data protection, and other areas.

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    Market Infrastructure

    Hong Kong Completes Transition to Multiple CRA Operating Model

    By Editors | 26/11/2024

    The migration of consumer credit reference services to “Credit Data Smart” was completed on 24 November. HKMA welcomed the “milestone”.

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