Markets & Infrastructure

Payments & Settlements

Sea Group Launches Digital-only MariBank in Singapore

By Editors | 15/03/2023

Invitations are currently limited to users of Sea Group’s ecosystem such as Shopee customers and individual sellers.

Cryptocurrency

Barney Frank Says Signature Bank Was Targeted to Deliver Anti-Crypto Message

By Manesh Samtani | 15/03/2023

Barney Frank, who was on the board of Signature Bank, says the regulatory takeover was intended to send a message to US banks to stay away from crypto.

Payments & Settlements

BSP Sets 1 July for Mandatory Adoption of QR Ph Standard

By Editors | 15/03/2023

From 1 July, all FIs and PSPs must disable all non-QR Ph codes and proprietary QR codes and ensure they are no longer be available to the public.

Conduct, Culture & Accountability

Compensation for Poor Advice Reaches A$4.7b: ASIC

By Editors | 14/03/2023

As of end December, the major banks paid or offered to pay almost AUD 4.7 billion (USD 4.2 billion) in compensation to over 1.6 million customers.

Alternative Markets

Korea May See ATS Platforms Launch Within This Year

By Editors | 14/03/2023

Applications for preliminary accreditation will be accepted between 27-30 March. Once authorisation is granted, firms will have six months to launch.

Market Data & Technology

ICMA Releases New Bond Data Taxonomy

By Editors | 14/03/2023

The Taxonomy will enable firms to more easily leverage new technologies, streamline issuance and post-trade operations, and exchange data.

CBDCs

IMF Proposes Global Marketplace for Trading Between CBDCs

By Mark Johnston | 14/03/2023

A global marketplace for trading tokenised money such as CBDCs would reduce the need for bilateral trust relationships and improve cross-border payments.

Conduct, Culture & Accountability

SFC Fines Brokerage for 2015 System Testing Incident

By Editors | 14/03/2023

I-Access Investors incorrectly used data from system testing as production data and inadvertently triggered 27 stop loss sell orders by 12 clients.

Trading & Investment

ISLA Releases New Templates for GMSLA Documentation

By Editors | 14/03/2023

ISLA and Linklaters collaborated to develop new GMSLA templates, covering default events, termination notices, and amendment agreements.