Markets & Infrastructure

Market Data & Technology

DSB Integrates UPI in OTC ISIN UAT Environment 

By Editors | 17/07/2023

Users of the OTC ISIN UAT environment can now develop and test changes to their systems to incorporate the UPI as part of the OTC ISIN record.

Payments & Settlements

RBI and CBUAE Sign MoUs to Boost Cross-Border Payments

By Editors | 17/07/2023

The first MoU will promote the use of local currencies for cross-border transactions. The second is aimed at interlinking India and UAE’s payment and messaging systems.

Cryptocurrency

Ripple Scores Partial Victory in SEC Case

By Manesh Samtani | 17/07/2023

The court ruled that XRP is not a security when sold in the secondary market. The case will proceed to trial to determine if institutional sales of XRP were unregistered securities offerings.

Reporting & Disclosures

TWSE Improves Information Transparency with New Platforms

By Ranamita Chakraborty | 17/07/2023

TWSE received feedback from foreign institutional investors who expressed the need for integrated content from various TWSE websites and consistent availability of information in both Chinese and English formats.

Clearing & Post-Trade

ASIC to Host Industry Roundtable on CHESS Replacement Project

By Editors | 17/07/2023

ASIC chair Joe Longo will chair an industry roundtable on 2 August to discuss a proposed CHESS replacement solution.

Structural Regulation

China Extends Bond Business Regulation to ‘Practice Quality’

By Jill Wong | 17/07/2023

CSRC extended its measures for the evaluation of securities companies’ corporate bond business to cover practice quality and a strengthening of the evaluation index system.

Fraud, Scams & Cybercrime

US Agencies Settle Charges Against Crypto Lender Celsius Network

By Manesh Samtani | 16/07/2023

Celsius Network and founder Alexander Mashinsky charged for failing to register crypto lending product, defrauding customers, manipulating price of CEL token.

AI Risk & Governance

UK FCA Outlines Plans for Regulating AI and Big Tech

By Manesh Samtani | 16/07/2023

The FCA will address competition issues raised by Big Tech firms and potentially expand the SMCR to apply to “the most senior individuals managing AI systems”.

Fraud, Scams & Cybercrime

Lessons in Liability: Applying Card Fraud Dispute Frameworks to Digital Banking Scams

By Tim Dalgleish | 16/07/2023

Tim Dalgleish discusses the implications of new scam liability regulations, taking lessons from card fraud dispute frameworks.