Markets & Infrastructure

Anti-Bribery & Corruption

PwC Australia Facing Loss of “Substantial” Government Contracts

By Editors | 06/06/2023

A number of government agencies, including ASIC, are reviewing contracts with PwC Australia over confidentiality breaches.

Payments & Settlements

Sri Lanka, Nepal to Link Payment Networks LankaPay and Fonepay

By Sanday Chongo Kabange | 06/06/2023

The payment link will enable Sri Lankan and Nepali citizens to make merchant payments in each other’s country using a mobile-based QR code.

Trading & Investment

Philippine SEC Approves Plans to Introduce Short Selling – Report

By Sanday Chongo Kabange | 06/06/2023

The SEC and PSE are reported to now be working out how to implement short selling this year, to boost domestic market liquidity.

Cryptocurrency

US SEC Charges Binance for “Elaborate Scheme” to Evade Law

By Manesh Samtani | 06/06/2023

CEO Changpeng Zhao said the lawsuit was the latest example of “regulation by enforcement” and that the SEC seeks a “near eradication” of the crypto industry.

Structural Regulation

SET Amends Listing Rules to Expand Access to Capital Market

By Sanday Chongo Kabange | 06/06/2023

The rule change relaxes earlier limitations that only allowed BCG (Bio-Circular-Green) companies promoted by the government to tap into the capital market.

Structural Regulation

ASIC Reviewing Product Governance of BNPL Providers

By Sanday Chongo Kabange | 05/06/2023

ASIC issued an interim stop order against a BNPL product but revoked the order a day later due to “immediate corrective action” by the provider.

Trading & Investment

Cboe Launches “First-of-its-kind” Global Listing Network

By Editors | 05/06/2023

Stocks that are “intralisted” on Cboe’s US and Canada exchanges will be available for trading in the Netherlands and the UK, with Australia to follow.

KYC & CDD

RBI Panel Offers Recommendations on Improving Bank Services

By Editors | 05/06/2023

The committee issued recommendations to foster a more customer-centric approach in the financial services industry.

Payments & Settlements

Updated ePayments Code Takes Effect in Australia

By Sanday Chongo Kabange | 05/06/2023

The updated ePayments Code strengthens protections for consumers and obliges banks to help customers recover money that has been transferred in error.