Markets & Infrastructure

Trading & Investment

Korea FSC Unveils Draft Guidelines for “Value-up” Programme

By Manesh Samtani | 03/05/2024

The programme is designed to encourage listed companies to improve corporate governance, long term value creation, and shareholder returns.

Fraud, Scams & Cybercrime

NZ Banks Set to Start ‘Confirmation of Payee’ Implementation

By Sanday Chongo Kabange | 03/05/2024

NZBA has identified a preferred provider for the service and will soon start the technical build for the payments system.

PEPs & Sanctions

Russian Court Cancels Part of JPMorgan Freeze Order

By Editors | 03/05/2024

The majority of JPMorgan’s funds in Russia cannot be seized as they are held in so-called “type C” accounts.

Structural Regulation

RBI Issues Draft Framework for Electronic Trading Platforms

By Ajoy K Das | 02/05/2024

ETPs operated from outside India by an operator incorporated outside India may seek authorisation to provide platform access to Indian residents.

Structural Regulation

RBI Removes Ban on Lending Products by Bajaj Finance

By Ajoy K Das | 02/05/2024

The RBI had directed Bajaj Finance, one of India’s largest consumer lenders, to stop disbursing loans under two lending products in November.

Tokenisation

Capital Markets Regulators Committed to Innovating With Tokenisation

By Nithya Subramanian | 02/05/2024

The UK FCA’s Rupert Harrison and Thai SEC’s Kris Tontipiromya discussed their tokenisation work at the recent Digital Assets Asia 2024.

Structural Regulation

Redomiciling VCC Funds to Singapore Can Be ‘Daunting’

By Nithya Subramanian | 02/05/2024

Besides navigating a complex maze of regulatory, tax and operational hurdles, the spectre of asset illiquidity during transition looms large.

Anti-Money Laundering

Wolfsberg Group Responds to FATF Payment Transparency Consultation

By Manesh Samtani | 01/05/2024

Operators of payment market infrastructures should be brought into the scope of R.16 and ISO 20022 terminology should be adopted.

Conduct, Culture & Accountability

RBI Directs Lenders to Repay Customers for “Excess” Interest

By Ajoy K Das | 01/05/2024

Lenders are directed to refund excess interest, review existing practices, and make system level changes to prevent unfair interest charges.