Markets & Infrastructure

Payments & Settlements

New Project Nexus Entity to be Established in Singapore

By Editors | 07/11/2024

The new management entity will oversee the live implementation of the Nexus operational model, which involves linking instant payment systems.

Market Abuse

Sumitomo Mitsui Trust Bank Probing Insider Trading Case

By Thisanka Siripala | 07/11/2024

Sumitomo Mitsui Trust Bank disclosed that a former employee used non-public company information to conduct multiple insider trading transactions.

Trading & Investment

Mizuho to Launch Saudi-focused ETF for Japanese Investors

By Thisanka Siripala | 07/11/2024

Mizuho signed an MoU to collaborate with Saudi Arabia’s Public Investment Fund to launch an ETF which will track the FTSE Saudi Arabia Index.

AI Risk & Governance

WFE Paper Calls for Risk Sensitive Approach to AI Regulation

By Thisanka Siripala | 06/11/2024

The paper says AI-driven systems in financial markets should be regulated using the same core principles that apply to existing technologies.

Payments & Settlements

HKMA Sets Expectations for Banks on Handling ‘Autopay’ Arrangements

By Sanday Chongo Kabange | 06/11/2024

The circular addresses situations where a merchant has suspended operations or shut down while customers have active direct debit authorisations in place.

Structural Regulation

CSRC Grants Morgan Stanley Final Approval for Futures Business

By Editors | 06/11/2024

Morgan Stanley will become just the second foreign firm after JPMorgan to have a fully-owned futures business in China.

Emerging Prudential Risks

FSB to Pivot NBFI Work Towards More Targeted Approach – Report

By Editors | 06/11/2024

Two priority areas that could be brought into greater focus include basis trades used by hedge funds and vulnerabilities in private asset markets.

CBDCs

Seven Korean Banks to Start Testing Usage of Deposit Tokens

By Editors | 06/11/2024

The banks will establish wallets for users within the CBDC system and use them to issue deposit tokens, which the users can use to purchase goods and services.

Trading & Investment

Korea Strengthens Requirement to Disclose Short Position Balances

By Editors | 05/11/2024

The revision requires investors with a net short position balance of 0.01 percent to disclose balances, compared to 0.5 percent previously.