Markets & Infrastructure

CBDCs

BSP Announces Key Technology Decision for CBDC Pilot

By Sanday Chongo Kabange | 10/09/2023

Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.

Clearing & Post-Trade

Trade Bodies Call on Policymakers to Scrap EU Clearing Proposal

By Editors | 10/09/2023

A proposed requirement for market participants to hold active accounts at EU CCPs will be detrimental to EU capital markets, the trade bodies say.

Structural Regulation

CSRC Proposes Rule Revisions for Corporate Bond Issuance

By Editors | 08/09/2023

Land and environmental impact assessments must be provided if the funds raised from bonds are invested in fixed asset investment projects.

Conduct, Culture & Accountability

ASIC Sues AustralianSuper For Failing to Consolidate Member Accounts

By Sanday Chongo Kabange | 08/09/2023

ASIC alleges that for almost 10 years, AustralianSuper charged fees on unintended multiple accounts, affecting approximately 90,000 members.

Structural Regulation

BSP Engages Saudi Arabia in Push to Develop Islamic Banking Sector

By Sanday Chongo Kabange | 08/09/2023

The BSP has asked Saudi Arabian banks to help promote and develop Islamic banking and finance in the Philippines.

Payments & Settlements

RBI Governor Launches New Features on UPI System

By Editors | 08/09/2023

The new features include voice-enabled payments, offline transfers, and NFC-enabled QR code payments.

Conduct, Culture & Accountability

HKMA Sets Out Talent Management Expectations for Banks

By Editors | 08/09/2023

The latest HKMA circular provides guidance to help banks assess, maintain, and enhance the competence levels of their workforce and address talent shortages.

Trading & Investment

HKEX Expands Global Footprint with New London Office

By Editors | 08/09/2023

The new London office together with a New York office opened in June give HKEX a presence in the world’s three major time zones.

Trading & Investment

Malaysia SC Sets Rules for Offering Fractional Share Trading Services

By Editors | 07/09/2023

The guidelines seek to ensure stockbrokers have the necessary systems and controls to safeguard investors when offering them fractional share trading services.