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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.
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