Markets & Infrastructure

Tokenisation

BIS Offers Blueprint for Future Monetary & Financial System

By Editors | 21/06/2023

The BIS says the future financial system will combine tokenised money and assets on a programmable platform.

Cloud & Infrastructure

China Urges Greater Use of Digital Means for Cross-border Business

By Editors | 21/06/2023

PBOC and SAFE issued a draft notice allowing banks to conduct capital account business online for market players by using electronic documents.

Trading & Investment

NSE, SGX Set for Full Launch of Trading Link on 3 July

By Manesh Samtani | 21/06/2023

NSE’s GIFT City unit unveiled a new corporate brand identity in preparation for the full-scale launch of its trading link with SGX.

Clearing & Post-Trade

Initial Margin Breaches Surged in March at JSCC JGB Division

By Editors | 20/06/2023

The JSCC reportedly attributed the rise in breaches to interest rate volatility triggered by banking turmoil in the US in March.

Trading & Investment

Malaysia Announces Measures to Boost Capital Market Vibrancy

By Editors | 20/06/2023

The stamp duty rate payable on stock trades is being reduced by a third to lower the cost of transactions, especially for retail investors.

Conduct, Culture & Accountability

SFC Fines Taiping Securities Employee Dealing Control Failures

By Editors | 19/06/2023

Responsible officer had 293 transactions that exceeded the trading limit prescribed for his personal account.

Conduct, Culture & Accountability

UK FCA Imposes Restrictions on Odey Asset Management

By Mark Johnston | 19/06/2023

The restrictions are intended to facilitate an orderly breakup of Odey Asset Management, after its founder was accused of sexual misconduct.

Payments & Settlements

RBNZ Considers Expanding Access to Settlement Accounts

By Sanday Chongo Kabange | 19/06/2023

The RBNZ is seeking feedback on a framework to assess the risks of opening up access to the Exchange Settlement Account System.

Fraud, Scams & Cybercrime

US FDIC Orders OKCoin to Stop Advertising Deposit Insurance

By Sanday Chongo Kabange | 19/06/2023

Crypto firm OKCoin is directed to “immediately” remove misleading statements about deposit insurance or face enforcement action.