Markets & Infrastructure

PEPs & Sanctions

China Sanctions 13 US Military Firms & Six Executives

By Editors | 06/12/2024

The sanctions, imposed under China’s Anti–Foreign Sanctions Law, are a response to a recent announcement of US arms sales to Taiwan.

Payments & Settlements

MAS Extends Deadline to Cease Corporate Cheque Processing

By Nithya Subramanian | 05/12/2024

MAS also launched a consultation paper proposing a roadmap to sunset corporate cheques and a transition plan for retail cheques.

Clearing & Post-Trade

EACH Calls for Global Consistency in CCP Regulation

By Mark Johnston | 05/12/2024

The European Association of CCP Clearing Houses released a manifesto offering recommendations to enhance capital market efficiency and resilience.

Conduct, Culture & Accountability

ASIC Publishes Industry Complaints Data for the First Time

By Sanday Chongo Kabange | 05/12/2024

ASIC says over 4.7 million complaints reported indicate that some financial firms may not be reporting complete and accurate IDR data.

Structural Regulation

Indian Parliament Advances Bill to Amend Banking Regulations

By Editors | 05/12/2024

The bill makes as many as 19 amendments to existing banking laws, including allowing deposits to have up to four nominees in their accounts.

Structural Regulation

Australia Passes Bill to Enshrine Superannuation Objective into Law

By Editors | 05/12/2024

Any future changes to super legislation must be judged against the objective, making policymakers more accountable when considering such changes.

CBDCs

BIS Paper Examines Choice Between Retail CBDC, FPS, or Both

By Editors | 05/12/2024

The choice depends on the market features, ecosystem, and degree of maturity and innovation of existing payment infrastructures in a country.

Conduct, Culture & Accountability

Nomura Announces Measures to Address Unethical Behaviour by Staff

By Thisanka Siripala | 05/12/2024

Ten executives will take pay cuts and staff monitoring will be enhanced after a former employee was indicted on attempted murder charges.

Market Abuse

Barclays Agrees to Settle Class Action Over Securities Over-issuances

By Thisanka Siripala | 05/12/2024

Barclays agreed to pay $19.5mn to settle claims that shareholders lost money because they relied on the bank’s assurances that it had strong internal controls.