Markets & Infrastructure

Clearing & Post-Trade

Global Consortium Executes First “Quantum-Secure” Trade Transaction

By Sanday Chongo Kabange | 19/06/2023

The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.

Trading & Investment

DBS Launches New Multi Family Office Platform for UHNW Families

By Sanday Chongo Kabange | 19/06/2023

The new platform is established as an umbrella VCC, with multiple underlying sub-funds that clients can use to manage their assets.

CBDCs

BIS Innovation Hub Concludes Joint CBDC Experiment With BOE

By Editors | 19/06/2023

Project Rosalind explored how a universal and extensible API layer could connect central bank and private sector infrastructures and facilitate retail CBDC payments.

Payments & Settlements

Australia Calls for Improved Transparency on Remittance Costs

By Mark Johnston | 18/06/2023

A coalition of companies has called on the government to require banks to disclose all the costs of international money transfers upfront.

DeFi & Web3

Industry Raises Concerns Over SEC Proposal to Redefine Exchanges

By Editors | 18/06/2023

SIFMA says the SEC’s attempt to bring DeFi systems into scope could potentially subject other non-DeFi broker-dealer systems to unnecessary regulation.

Clearing & Post-Trade

FIA Issues Standard to Promote Timely Trade Give-Ups and Allocations

By Editors | 18/06/2023

The standard focuses on streamlining the delivery and processing of allocation instructions. A consultation on average pricing was also launched.

Capital Adequacy

FRAA Proposes Draft Metrics Framework for Assessing APRA, ASIC

By Editors | 18/06/2023

The framework will enhance the Financial Regulator Assessment Authority’s assessment toolkit and provide direct insights on APRA and ASIC’s activities.

Structural Regulation

Fed Launches Database of Firms With Access to Master Accounts

By Editors | 17/06/2023

The database also lists financial institutions that have requested access to master accounts and services, and the status of each request.

Structural Regulation

MAS Supports Balanced Approach to BNPL Regulation

By Editors | 16/06/2023

MAS said overly strict regulations would unnecessarily restrict BNPL providers and limit consumer choices.