Markets & Infrastructure

Payments & Settlements

SEBI to Introduce ‘UPI Block Facility’ for Equity Trading

By Editors | 26/06/2023

The facility allows investors to use blocked funds in their bank accounts for trading, instead of transferring them to the stock broker upfront.

Structural Regulation

IOSCO Seeks Feedback on Goodwill to Improve Accounting Standards

By Ranamita Chakraborty | 26/06/2023

Feedback received will play a crucial role in shaping IOSCO’s recommendations for regulators, auditors, issuers, and those responsible for governance.

Trade Based Money Laundering

ABS Launches New Registry to Counter Trade Finance Fraud

By Manesh Samtani | 25/06/2023

Participating banks can register new trade financing transactions and receive real-time notifications if instances of duplication are detected.

Conduct, Culture & Accountability

US SEC Fines JPMorgan for Inadvertently Deleting Emails

By Editors | 25/06/2023

The emails were accidentally permanently deleted during a project to delete certain historical communications from the 1970s and 1980s.

Structural Regulation

Philippine Central Bank Set to Get New Governor

By Sanday Chongo Kabange | 25/06/2023

Eli Remolona, who previously spent more than 30 years between the NY Fed and BIS, will serve a six-year term as BSP governor starting 3 July.

Reporting & Disclosures

BNM Issues New Roadmap for Advancing Financial Inclusion

By Sanday Chongo Kabange | 25/06/2023

BNM outlines the key barriers to financial inclusion, and four strategic enablers that will support further progress.

Conduct, Culture & Accountability

Australia Passes Bill to Establish Compensation Scheme of Last Resort

By Sanday Chongo Kabange | 25/06/2023

The CSLR will facilitate the payment of up to A$150,000 in compensation for financial services consumers who have unpaid determinations from AFCA.

Conduct, Culture & Accountability

FSC Korea to Make Bank Execs Accountable for Internal Controls

By Sanday Chongo Kabange | 25/06/2023

CEOs will have to establish “responsibilities maps” showing how internal control responsibilities are shared and divided among executive officers.

Structural Regulation

SET to Revamp Listing Rules and Enhance Supervision of Issuers

By Mark Johnston | 25/06/2023

The SET and MAI requirements will be more closely aligned, and the rules on delistings and backdoor listings will be tightened.