Markets & Infrastructure

Payments & Settlements

CBA, BNY Enable Real-Time Cross-Border Payments

By Sanday Chongo Kabange | 27/08/2024

The new arrangement enables the AUD leg of inbound cross-border payments to be processed in under a minute.

Custody & Infrastructure

Thai SEC Enhances Governance Standards for Crypto Firms

By Editors | 27/08/2024

Crypto firms must have at least five directors on their board, including two independent directors, and establish an audit committee.

Trading & Investment

CSRC Grants SHFE Approval to Launch New Options Contracts

By Editors | 27/08/2024

The Shanghai Futures Exchange has been granted approval to launch lead, nickel, tin and alumina options contracts.

Tokenisation

AIIB Becomes First in Asia to Issue Digital Note via Euroclear

By Ranamita Chakraborty | 27/08/2024

The digital securities raised $300mn for AIIB’s sustainable development bond programme, with clearing possible through HKMA’s CMU and SIX.

Payments & Settlements

Cambodia Launches Bakong App for International Travellers

By Nithya Subramanian | 27/08/2024

The Bakong Tourists App is expected to help promote tourism while also encouraging greater use of the local currency.

Reporting & Disclosures

Australia Advances Legislation on Climate Disclosures, FMI Regime

By Ranamita Chakraborty | 27/08/2024

Treasurer Jim Chalmers said the AASB will release standards for the climate risk disclosure framework “in the near future”.

Structural Regulation

Five Groups Seeking Virtual Bank Licence in Thailand – Reports

By Editors | 27/08/2024

The applicants reportedly include a joint venture between Siam Commercial Bank, China’s WeBank and Korea’s KakaoBank.

Conduct, Culture & Accountability

FCA Chair Accused of Breaching Whistleblower Confidentiality

By Editors | 26/08/2024

FCA chair Ashley Alder reportedly forwarded a whistleblower’s correspondence to other staff members, revealing their identity without their consent.

Structural Regulation

HKEX Eases Rules for Specialist Tech Listings, De-SPAC Transactions

By Sanday Chongo Kabange | 26/08/2024

The SFC and HKEX said the adjustments were made to address the change in market conditions since the regimes were introduced.