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Markets & Infrastructure
Structural Regulation
Australia Tables Legislation to Adopt Global Minimum Tax
By Sanday Chongo Kabange | 09/07/2024
The legislation will set a global and domestic minimum tax rate for multinational enterprise groups including banks.
Trading & Investment
KRX, Naver to Collaborate on Market, Cyber Surveillance
By Editors | 08/07/2024
A key component of the collaboration is to increase monitoring of Naver Pay’s stock discussion rooms and “Shareholder Open Talk” communities.
Supervision & Enforcement
Senate Inquiry Recommends Complete Overhaul of ASIC
By Sanday Chongo Kabange | 08/07/2024
Senator Andrew Bragg said too many Australians have been hurt by ASIC’s “persistent failure” to enforce the law and win prosecutions.
Cloud & Infrastructure
HKMA, IA Launch Open API Framework Linkage
By Sanday Chongo Kabange | 08/07/2024
The new linkage seeks to enhance the mutual adoption of APIs for use cases across the banking and insurance sectors.
Payments & Settlements
Russia, Iran Integrate National Payment Systems
By Editors | 08/07/2024
Work to link Russia’s MIR network and Iran’s Shetab has been finalised. Agreement also signed on use of national currencies.
Structural Regulation
HKMA Identifies Compliance Issues at Banks’ Trust Businesses
By Sanday Chongo Kabange | 08/07/2024
No instances of non-compliance were found in self-assessments, though there were 12 instances of “partial compliance”.
Clearing & Post-Trade
SEBI Proposes Collateral Norms for Clearing Corporations
By Ajoy K Das | 05/07/2024
SEBI said interest income derived from collateral posted should be periodically distributed to clearing members.
Data Privacy
CDR Negatively Impacting Competition, says Australia Banking Body
By Sanday Chongo Kabange | 05/07/2024
ABA says the CDR regime is not delivering for customers or enhancing competition in Australia’s banking industry.
Conduct, Culture & Accountability
Australia Passes First Tranche of Financial Advice Reforms
By Sanday Chongo Kabange | 05/07/2024
The legislation seeks to streamline the delivery of financial advice while strengthening transparency and protections for consumers.
Market Abuse
SEBI Mandates Fraud Prevention Mechanisms for Stock Brokers
By Ajoy K Das | 05/07/2024
The regulator said that the measures will ensure higher standards of market integrity and investor protection.
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