Markets & Infrastructure

Conduct, Culture & Accountability

MAS Issues New Guidance on Prohibition Orders Under FSMA

By Ranamita Chakraborty | 26/07/2024

The new PO regime will be brought into effect on 31 July as part of the third phase of implementing the Financial Services and Markets Act, which passed into law in April 2022.

Trading & Investment

Most Individual Investors Lose Money on Intraday Trading: SEBI Study

By Ajoy K Das | 26/07/2024

Over 70 percent of individual investors engaging in intraday stock trading experienced losses during 2022-23, SEBI found in a new study.

Payments & Settlements

BSP Introduces Framework for Merchant Payment Activities

By Sanday Chongo Kabange | 26/07/2024

The framework sets out regulatory requirements for operators of payment systems that engage in merchant payment acceptance activities.

CBDCs

Philippines: BSP to Conclude CBDC PoC by Year-end

By Nithya Subramanian | 26/07/2024

Testing of the DLT and wCBDC tokenisation is complete. Two test runs of sandbox experiments are now being conducted.

Clearing & Post-Trade

Australia Explores Benefits of Central Clearing for Bond, Repo Markets

By Sanday Chongo Kabange | 26/07/2024

The CFR says changes in the size and structure of the Australian bond and repo markets may have strengthened the case for introducing central clearing.

Conduct, Culture & Accountability

HKEX Facing Pushback on Corporate Governance Reform Proposals

By Editors | 26/07/2024

The proposed nine-year tenure limit for INEDs is “inappropriate”, according to Mike Wong, chief executive of the Chamber of Hong Kong Listed Companies.

Payments & Settlements

Russia Progresses Bill to Allow Foreign Banks to Open Branches

By Editors | 26/07/2024

The bill would enable foreign banks to open branches in Russia which they could then use to settle cross-border payments.

Conduct, Culture & Accountability

Korea FSS Considers New Rules to Prevent Mis-selling

By Editors | 25/07/2024

Measures being considered would require banks to separate their sales channels for high-risk products from deposits and installment savings counters.

Structural Regulation

Australia Consults on CGT Regime for Foreign Residents

By Ranamita Chakraborty | 25/07/2024

The foreign resident capital gains tax regime and capital gains withholding regime are both being amended.