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Cybersecurity
GIFT City IBUs Directed to Offer Internet Banking Within Six Months
By Ajoy K Das | 25/04/2024
IFSC Banking Units in GIFT City are asked to benchmark their internet banking services against top global banks in Singapore and Hong Kong.

AI Risk & Governance
UK FCA Outlines Plans for Big Tech, Artificial Intelligence
By Manesh Samtani | 24/04/2024
The FCA will work with Big Tech firms to examine the value their data can bring to retail financial markets, with a view to potentially incentivising more data sharing.

Structural Regulation
SEBI Finds Violations by Offshore Funds Invested in Adani Group
By Ajoy K Das | 24/04/2024
12 offshore funds violated disclosure rules and breached investment limits. Eight of these funds are trying to settle with SEBI.

Trading & Investment
China to Enhance Capital Market Access for Tech Firms
By Editors | 24/04/2024
New measures aim to drive investment in domestic tech firms through IPOs, M&A, bond issuance, and PE/VC investments, including by foreign institutions.

Structural Regulation
New Zealand Announces Reforms to Improve Access to Loans
By Editors | 24/04/2024
The government will revoke the affordability regulations introduced in 2021 and improve dispute resolution, among other measures.

Clearing & Post-Trade
ASX Seeks Feedback on Potential Move to T+1 Settlement Cycle
By Editors | 24/04/2024
ASX is seeking industry feedback on the impacts of transitioning from T+2 to T+1 settlement in Australia.

Cybersecurity
G7 Nations Complete Joint Cyber Coordination Exercise
By Editors | 24/04/2024
The exercise assumed a large-scale cyber attack on financial market infrastructures and entities in all G7 jurisdictions

Trading & Investment
PBOC May Start Participating in Treasury Bond Market – Reports
By Editors | 24/04/2024
PBOC may start buying and selling government bonds as a way to manage financial system liquidity and monetary policy.

Alternative Markets
Malaysia to Introduce ‘Golden Pass’ for Venture Capital Firms
By Mark Johnston | 24/04/2024
The Golden Pass will reduce VC registration time from 6 to 2 weeks. The employment pass vetting process is also being enhanced.

Payments & Settlements
PBOC Issues Draft Implementation Rules for New Payments Regulations
By Editors | 24/04/2024
Non-bank payment institutions will be allowed to transition to the new regulations depending on the validity of their existing licences, which can be up to five years.
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