Markets & Infrastructure

Structural Regulation

Cambodia to Leverage Indonesia Experience to Strengthen Non-Bank Financial Sectors 

By Editors | 10/08/2023

The MoU will help Cambodia enhance its non-bank financial services sectors, focusing on knowledge exchange and collaborative development.

Structural Regulation

China: New Independent Director Rules to Take Effect from 4 September

By Editors | 09/08/2023

The CSRC and stock exchanges will play a bigger role in the appointment and selection of independent directors.

Payments & Settlements

UK Commits to Taking Forward Payments System Reforms

By Editors | 09/08/2023

The reforms will include a regulatory regime for future systemically important stablecoins used as a means of payment.

Trading & Investment

TSE Signs Agreement to Provide Japanese Investors Access to US Securities

By Editors | 09/08/2023

The MoU between the Tokyo Stock Exchange and Blue Ocean Technologies will enable Japanese investors to trade US stocks during their daytime hours.

Supervision & Enforcement

SEC, CFTC Penalise Firms $555m for Use of Unapproved Messaging Apps

By Manesh Samtani | 09/08/2023

The use of “off-channel” communications was “pervasive and longstanding”. Wells Fargo was penalised $200mn, while BNP Paribas and SocGen were each fined $110mn.

Stablecoins

PayPal Unveils Stablecoin Plans, Prompting Call for Clear Regulations

By Editors | 08/08/2023

PayPal plans to allow US customers to exchange PYUSD for other cryptocurrencies as well as use it to fund purchases, make transfers to external wallets, and send person-to-person payments.

Cryptocurrency

MAS Grants Blockchain.com Major Payment Institution License

By Ranamita Chakraborty | 08/08/2023

Blockchain.com has become the twelfth cryptocurrency exchange in Singapore to be granted a crypto-dealing license, enabling it to provide services to accredited investors and institutions.

Trading & Investment

SEBI Mandates FPIs to Route Bond Trades to RFQ Platforms

By Ranamita Chakraborty | 08/08/2023

Starting 1 October, foreign portfolio investors are required to conduct a minimum of 10 percent of their total secondary market corporate bond trades through the request for quote (RFQ) platform offered by stock exchanges.

Trading & Investment

China, Saudi Arabia In Early Talks to Develop ETF Connect – Report

By Editors | 08/08/2023

China has rolled out several ETF Connect projects. The link with Saudi Stock Exchange would be its first beyond East Asia.