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Markets & Infrastructure
Payments & Settlements
Australia Issues New Strategic Plan for Payments System
By Manesh Samtani | 08/06/2023
A new licensing framework will be introduced, including for payment stablecoin issuers. RBA will explore fast payment links with other jurisdictions.
Fraud, Scams & Cybercrime
In Global First, UK to Require Banks to Reimburse Fraud Losses
By Karen Ng | 08/06/2023
The Payment Systems Regulator will make it mandatory for banks, building societies and payment firms to reimburse victims of APP fraud.
Clearing & Post-Trade
Indonesia Launches New Securities Lending and Borrowing Facility
By Sanday Chongo Kabange | 08/06/2023
PASLA chair Jason Wells said IDClear’s new bilateral SLB facility will enable better price discovery and greater market resilience.
Conduct, Culture & Accountability
ACMA Fines CBA for Breaching Australia’s Spam Laws
By Sanday Chongo Kabange | 08/06/2023
CBA sent more than 65 million emails that did not comply with Australia’s spam laws, the ACMA said on Wednesday.
Payments & Settlements
RBI Unveils Plans to Enhance Payment Systems
By Sanday Chongo Kabange | 08/06/2023
The RBI will allow Indian banks to issuance RuPay prepaid forex cards and expand the scope and reach of e-RUPI digital vouchers.
Clearing & Post-Trade
SEBI Issues New Framework for Client Funds Upstreaming
By Mark Johnston | 08/06/2023
Stock brokers will have to upstream all client funds to clearing corporations by the end of each day.
Sustainable Finance
Climate Impact X Launches Spot Trading Platform for Carbon Credits
By Ranamita Chakraborty | 08/06/2023
**CIX told Regulation Asia that it is seeking alignment with IOSCO’s principles for commodity price benchmarks – a detailed set of guidelines relating to governance and control systems.
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Trading & Investment
Bursa Gets In-Principle Approval for New Debt Fundraising Platform
By Sanday Chongo Kabange | 08/06/2023
The Securities Commission has granted Bursa and RAM in-principle approval to manage and operate a new debt fundraising platform.
Trading & Investment
RBI Permit Banks to Offer Non-deliverable FX Derivatives to Resident Indians
By Editors | 08/06/2023
HSBC India executed its first non-deliverable FX derivative transaction with Reliance Industries just a day after the RBI’s policy change.
Payments & Settlements
Cambodia, Thailand Launch Second Phase of QR Payments Link.
By Editors | 07/06/2023
Thais visiting Cambodia can use their mobile banking apps to make cashless payments by scanning KHQR codes displayed by merchants.
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