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Markets & Infrastructure
Conduct, Culture & Accountability
UOB Kay Hian Redesignates Director After SGX RegCo Queries
By Sanday Chongo Kabange | 18/10/2023
SGX RegCo questioned the director’s independence given his substantial shareholding in UOB Kay Hian and long association with the company.
Structural Regulation
Russia’s Sberbank Secures FPI Registration in India
By Editors | 18/10/2023
State-owned Sberbank is the first Russian bank to secure Category I FPI registration in India. VTB is also seeking the licence.
Data Privacy
China Imposes Controls on Foreign Travel by State Employees – Report
By Mark Johnston | 18/10/2023
The restrictions, also imposed on bankers, are part of a campaign against foreign influence and the risks of espionage by foreign powers.
Payments & Settlements
CPMI Publishes Harmonised Data Requirements for ISO 20022
By Mark Johnston | 18/10/2023
The BOE, ECB and RBA have committed to aligning with the new requirements and call on other market infrastructures and payment service providers to do the same.
Payments & Settlements
Japan FSA Orders Report Explaining Zengin-Net Outage
By Sanday Chongo Kabange | 18/10/2023
Zengin-Net has to produce a report explaining last week’s outage and measures taken to prevent a recurrence.
Market Data & Technology
DSB Launches UPI Service, a Milestone for Derivatives Markets
By Manesh Samtani | 18/10/2023
The US, EU, UK, Australia and Singapore will all start requiring UPI reporting for OTC derivatives transactions in 2024.
Cryptocurrency
US SEC Publishes 2024 Examination Priorities Report
By Editors | 17/10/2023
Focus areas will include crypto-related securities, automated investment tools, artificial intelligence, trading algorithms, and investment adviser conduct.
Payments & Settlements
Mitigating Settlement Risk in a Fragmented World
By Marc Bayle de Jessé | 17/10/2023
Marc Bayle de Jessé discusses work underway to address settlement risks in FX transactions and what more needs to be done.
Conduct, Culture & Accountability
HKMA Takes Issue With Rate Setting Practices in Premium Financing
By Sanday Chongo Kabange | 17/10/2023
Some AIs changed the interest rates they charged for premium financing facilities without ensuring customers knew such changes were possible.
Structural Regulation
China Formally Shifts Some PBOC Responsibilities to NFRA
By Editors | 17/10/2023
The PBOC will no longer be responsible for financial consumer protection and supervision of financial holding companies.
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