MARKET INFRASTRUCTURE

    Fintech / Regtech

    US to Launch FedNow Instant Payments Platform in Mid 2023

    By Editors | 31/08/2022

    The technical testing phase of the new FedNow Service will kick off in mid-September. The service will be ready to launch between May and July of 2023.

    Securities / Derivatives

    Sri Lanka Launches Third Phase of Capital Market Digitisation

    By Duruthu E Chandrasekera | 30/08/2022

    SEC chairman Viraj Dayaratna said the CSE will introduce new products, including paper gold, SPACs, Islamic products, structured warrants and green bonds.

    Crypto / Digital Assets

    MAS to Strengthen Retail Protections from Crypto Harms

    By Manesh Samtani | 30/08/2022

    MAS managing director Ravi Menon described an approach to digital assets that allows Singapore to be both stringent in its regulation and facilitative of innovation.

    Fintech / Regtech

    Indonesia, Singapore Commence Work on QR Payment Link

    By Manesh Samtani | 29/08/2022

    Bank Indonesia also launched the “international QRIS”, initially connecting to Thailand’s payment system, and have a retail CBDC in the works.

    Market Infrastructure

    New Zealand FMA Sets Out Priorities in New Corporate Plan

    By Editors | 29/08/2022

    The FMA will prioritise work on three new legislative regimes: financial advice licensing, climate-related disclosures, and conduct licensing.

    Market Infrastructure

    US, Chinese Authorities Sign Audit Cooperation Deal

    By Manesh Samtani | 29/08/2022

    PCAOB inspectors will be on the ground in Hong Kong by mid-September to conduct their inspections of auditors of US-listed Chinese firms.

    Securities / Derivatives

    BOE Confirms Plans to Remove USD LIBOR Contracts from DCO

    By Editors | 26/08/2022

    The BOE will add SOFR overnight index swaps to the scope of contracts subject to the derivatives clearing obligation and remove USD LIBOR contracts in April 2023.

    Market Infrastructure

    US, China Nears Deal to Resolve Long-running Audit Dispute

    By Editors | 26/08/2022

    The CSRC has informed some accounting firms that US regulators may be visiting Hong Kong in September to inspect the audit records of US-listed Chinese companies.

    Fintech / Regtech

    JPX, AWS Partner to Enhance Capital Market Attractiveness

    By Editors | 25/08/2022

    New initiatives include enhanced infrastructure resilience, the creation of a product development environment, and enhanced collaboration with start-ups.

    Fintech / Regtech

    New Monitoring Body Concludes First Review of ASIC

    By Editors | 25/08/2022

    ASIC requires a substantial uplift in its data and technology capability, the FRAA says in its first review of ASIC as a regulator.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team