Markets & Infrastructure

Clearing & Post-Trade

SEBI Speeds Up Availability of Sale Proceeds for FPIs

By Mark Johnston | 18/10/2024

Tax certificates for FPI sale trades will be issued faster, enabling FPIs to access sale proceeds for repatriation or reinvestment on settlement day.

Cryptocurrency

US SEC Charges Cumberland DRW for Illegal Crypto Operations

By Nithya Subramanian | 18/10/2024

The SEC complaint alleges that Cumberland DRW bought and sold over $2bn in crypto assets without registering as a securities dealer.

Trading & Investment

China Launches Two New Facilities to Boost Stock Market

By Manesh Samtani | 18/10/2024

A new swap facility provides funding for securities firms, funds and insurers to invest in stock. A new relending facility will finance stock repurchases.

Payments & Settlements

UnionPay to Enable Cross-Border QR Payments for Vietnam

By Mark Johnston | 18/10/2024

Users of Vietnamese banking apps and e-wallets will be able to scan UnionPay QR codes for payments in the mainland.

Structural Regulation

NY Fed Launches New Panel to Bolster Resiliency of Benchmarks

By Editors | 30/09/2024

The so-called “Reference Rate Use Committee” will work to foster industry engagement on issues related to the use of interest rate benchmarks in the post-LIBOR world.

Structural Regulation

HKMA, SFC Finalise Details for New Derivatives Reporting Regime

By Manesh Samtani | 29/09/2024

The UTI, UPI, CDE, LEI and ISO 20022 will be required under Hong Kong’s OTC derivatives reporting regime from 29 September 2025.

Structural Regulation

BSP Enters Arbitration Over Philsys Card Printing Delays

By Mark Johnston | 29/09/2024

The proceedings were initiated by AllCard Inc, which was contracted to supply cards and equipment for the production of PhilSys cards.

Structural Regulation

DBS Awaits Approval to Raise Stake in Chinese Securities Venture

By Editors | 28/09/2024

DBS is planning to raise its stake in its China securities joint venture from 51% to 91%, subject to regulatory approval.

Resolution & Recovery

Japan’s Kirayaka Bank Gets 13 More Years to Repay Public Funds

By Thisanka Siripala | 28/09/2024

Kirayaka Bank has received approval from the FSA and its parent company’s shareholders to postpone repayment of $140 mn in public funds.