Markets & Infrastructure

Trading & Investment

NSE IFSC-SGX Connect to Fully Launch on 3 July

By Editors | 18/04/2023

SGX will migrate all open positions in SGX Nifty to the relevant NSE IFSC NIFTY contracts during the weekend of 30 June.

CBDCs

Fed Official Outlines Policy Issues for CBDC Introduction

By Mark Johnston | 18/04/2023

Fed governor Michelle Bowman said a CBDC may not necessarily improve payment system efficiency or increase financial inclusion.

Cryptocurrency

NYDFS Issues Final Rule on Bitlicense Assessment Fees

By Editors | 18/04/2023

Crypto firms with a Bitlicense will be billed five times each fiscal year, in part based on their size and complexity.

Structural Regulation

UK Regulators Announce Next Steps for Open Banking Regime

By Mark Johnston | 18/04/2023

A new body will be created to boost the uptake of open banking in the UK and extend its benefits to other sectors of the economy.

Conduct, Culture & Accountability

BNM Issues New Rules for Hiring Insurance, Takaful Agents

By Sanday Chongo Kabange | 18/04/2023

BNM is working with industry associations to develop a centralised database of agents to ease the due diligence and reference-checking requirements.

Payments & Settlements

Malaysia SC to Launch New Online Payment Platform

By Editors | 18/04/2023

The platform will enable an easier online payment process for regulatory, registration and application fees paid to the SC.

Payments & Settlements

India, Russia in Advanced Talks on Trade Treaty

By Sanday Chongo Kabange | 18/04/2023

The RBI is also engaged in discussions with several other countries on the possibility of conducting trade in the rupee.

DeFi & Web3

US SEC Reopens Consultation to Redefine ‘Exchange’

By Editors | 18/04/2023

The proposed rule would update the definition of “exchange” to include crypto trading systems, including DeFi systems. Two SEC Commissioners dissented.

Conduct, Culture & Accountability

MAS: “Much Room for Improvement” in Issue Manager Conduct

By Editors | 18/04/2023

MAS identified issue managers that did not perform conflict-of-interest checks, background checks on EDs and controlling shareholders, and site visits to issuers’ material assets.