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Payments & Settlements
India, New Zealand Start Talks on UPI-based Payments Link
By Editors | 30/08/2023
NPCI and Payments NZ are in early discussions regarding the use of the UPI system to establish a cross-border payment link.

Cryptocurrency
SFC Grants In-Principle Approval to Swiss Crypto Bank, SEBA
By Manesh Samtani | 30/08/2023
SEBA plans to offer brokerage, advisory and asset management services in Hong Kong, covering securities, derivatives and crypto products.

Clearing & Post-Trade
KSD-Clearstream Trading Link to Open in H1 2024
By Editors | 30/08/2023
KSD’s agreement with Clearstream comes just a day after it signed a similar agreement with Euroclear, to open access to Korean government bonds.

Trading & Investment
Taiwan Allows Domestic Stocks to be Used as Collateral Overseas
By Editors | 30/08/2023
The measure will allow foreign investors to participate in overseas investment activities without having to sell their positions in Taiwan stocks.

Data Privacy
Australia Consults on CDR Expansion to Non-bank Lenders
By Editors | 30/08/2023
The Consumer Data Right regime will apply to the non-bank lending sector in stages, starting from 1 November 2024.

Credit Risk
ASIC Calls on Lenders to Support Customers Experiencing Hardship
By Sanday Chongo Kabange | 30/08/2023
Financial hardship will be a key area of focus over the next year. ASIC will conduct a review of large home lenders to understand their approaches in this area.

Cryptocurrency
US Court Orders SEC to Review Grayscale Bitcoin ETF Application
By Editors | 30/08/2023
The court said the SEC failed to adequately explain why it approved the listing of bitcoin futures ETPs but not Grayscale’s proposed spot bitcoin ETF.

Cybersecurity
SEBI Enhances Market Infrastructure Requirements on Cyber Security
By Mark Johnston | 30/08/2023
The requirements cover data backups, the ability to rebuild critical systems, ransomware attack drills, and cyber audits.

Structural Regulation
SEBI Proposes to Increase Flexibility of New Social Stock Exchanges
By Editors | 30/08/2023
SEBI proposes to reduce the minimum issue size and the minimum application size to facilitate more fund-raising for NPOs.

Conduct, Culture & Accountability
CFTC Fines Goldman Sachs for Missing Audio Recordings
By Editors | 30/08/2023
Goldman’s vendor service for recording mobile calls failed during the pandemic. Commissioner Caroline Pham said the penalty is unfair.
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