Markets & Infrastructure

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    CBDCs

    HDFC Bank Implements Interoperability between CBDC and UPI

    By Editors | 13/07/2023

    HDFC Bank customers with UPI IDs can use the QR code at retail shops to transfer funds directly from their CBDC wallets.

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    Fraud, Scams & Cybercrime

    Australian Banks Push Back on Mandatory Scam Reimbursements

    By Editors | 13/07/2023

    CBA deputy CEO David Cohen warned of a “moral hazard trap”. ANZ CEO Shayne Elliott said the UK voluntary code model wouldn’t stop scams.

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    Structural Regulation

    UK Treasury Consults on Digital Securities Sandbox

    By Sanday Chongo Kabange | 13/07/2023

    The proposed Digital Securities Sandbox will enable firms to test issuance and trading of digital securities.

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    Structural Regulation

    BSP Issues New Rules on Bank Stockholders’ Fitness and Propriety

    By Mark Johnston | 13/07/2023

    The draft circular sets out the criteria and approval process for bank stockholders, aiming to ensure their fitness and propriety.

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    Payments & Settlements

    Cambodia Launches Cross-Institutional Payment System for ATM, POS Services

    By Editors | 13/07/2023

    The Cambodian Shared Switch aims to enhance payment transactions through payment cards in Cambodia.

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    Trading & Investment

    UK Seeks to Undo EU Restrictions on Short-Selling Gilts

    By Editors | 13/07/2023

    HM Treasury proposes to eliminate EU-mandated rules that govern investors’ short positions in government debt and credit-default swaps.

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    Structural Regulation

    Hong Kong Enacts Amendments to Facilitate Electronic Submissions to Official Receiver

    By Editors | 12/07/2023

    The focus of the amendments is to facilitate the electronic submission of specific documents to the Official Receiver, allow for electronic proxies, and introduce other improvements.

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    KYC & CDD

    MAS, Cambodia Ink MOU for Financial Transparency Corridor

    By Karen Ng | 12/07/2023

    The MOU aims to to enhance financial transparency and promote trade and cross-border financial services for small and medium enterprises (SMEs).

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    Conduct, Culture & Accountability

    Hong Kong SFC Bans Former RaffAello Officer over IPO Sponsor Failures

    By Ranamita Chakraborty | 12/07/2023

    The Securities and Futures Commission (SFC) found that a former responsible officer and sponsor principal at a financial advisory firm had “failed to exercise due skill, care and diligence” in handling a listing application.

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    Payments & Settlements

    Cambodia Partners With UnionPay on QR Code Payments

    By Sanday Chongo Kabange | 12/07/2023

    KHQR users in Cambodia would be able to directly scan UnionPay QR codes in China within this year.

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