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Cryptocurrency
Australia Court Orders Kraken to Pay A$8m for DDO Breaches
By Sanday Chongo Kabange | 13/12/2024
ASIC believes many crypto products are subject to the same design and distribution requirements that resulted in Kraken’s penalty.

Payments & Settlements
SEBI to Expand T+0 Settlement to More Stocks, Brokers
By Editors | 13/12/2024
T+0 settlement will be available to more stocks starting from 31 January 2025. All stock brokers will be allowed to participate.

Trading & Investment
Bursa Malaysia Lists World’s First ETF With Waqf Feature
By Editors | 13/12/2024
The listing comes after Bursa Malaysia enhanced its listing requirements in March last year to facilitate listings of ETFs with Waqf features.

Payments & Settlements
FSB Finalises Recommendations on Cross-border Payments
By Manesh Samtani | 13/12/2024
The recommendations aim to promote global alignment in legal, regulatory and data frameworks relevant to cross-border payments.

AI Risk & Governance
FSS Korea Implements Broad Organisational Reforms
By Editors | 12/12/2024
The FSS has reappointed 74 out of 75 department heads to “promote innovative thinking and work innovation”.

PEPs & Sanctions
US Disburses $20bn Portion of G7 Loan to Support Ukraine
By Editors | 12/12/2024
The funds, part of the $50bn G7 loan package, will be repaid with earnings from the Russian assets frozen by sanctions in Europe.

Cloud & Infrastructure
New Zealand FMA to Launch Regulatory Sandbox Pilot in 2025
By Editors | 12/12/2024
The FMA is inviting expressions of interest from firms interested in joining the sandbox pilot, which will run from January to July 2025.

Clearing & Post-Trade
FINMA Recognises KRX as Qualified Clearing Organisation
By Editors | 12/12/2024
The recognition means Swiss FIs can receive clearing services from KRX, which has previously been recognized by the CFTC and ESMA.

Trading & Investment
China Grants AllianzGI Approval to Acquire Stake in Pension Firm
By Editors | 12/12/2024
AllianzGI is the first foreign firm to own a stake in Guomin Pension, which was launched in 2022 by large Chinese FIs to promote the private pension market.

Structural Regulation
Korea Unveils Plan for Promoting Wider Adoption of KOFR
By Manesh Samtani | 12/12/2024
10% of IRS transactions and FRN issuance by FIs in 2025 will be KOFR-based. Central clearing of KOFR-based swaps will also start in 2025.
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