Markets & Infrastructure

Structural Regulation

Crypto-focused Custodia Bank Continues to Pursue Fed Master Account

By Editors | 26/02/2023

The Fed board refused to reconsider its decision to reject Custodia Bank’s application to become a member of the Federal Reserve System.

Trading & Investment

LME to Resume Nickel Trading in Asian Hours on 20 March

By Editors | 25/02/2023

The LME hopes the resumption of trading during Asian market hours will “further contribute to liquidity rebuilding in the nickel market.”

Cryptocurrency

FTX Japan Processes $50m in Withdrawals on Day One of Reopening

By Editors | 25/02/2023

Japan law requires crypto exchanges to keep users’ assets segregated, which prevented FTX Japan from being included in the US bankruptcy proceedings.

Trading & Investment

SEBI Proposes New Rules to Protect REIT, InvIT Investors

By Editors | 24/02/2023

SEBI proposes to require at least one sponsor to hold units throughout the life of a REIT/InvITs, to align their interests with other unitholders.

Supervision & Enforcement

MAS Seeks to Ramp Up Hiring for Enforcement Department

By Editors | 24/02/2023

MAS is also looking into creating a new ombudsman, a market conduct tribunal, a procedure for class-action lawsuits, and an investor compensation scheme.

Payments & Settlements

FSB, CPMI Seek Nominations for Cross-border Payments Task Forces

By Editors | 24/02/2023

The FSB and CPMI are inviting firms to nominate senior representatives to two separate task forces that will focus on enhancing cross-border payments.

Conduct, Culture & Accountability

MAS Finalises New Corporate Finance Due Diligence Standards

By Editors | 24/02/2023

From 1 October 2023, corporate finance advisers will have to meet new minimum standards when conducting due diligence on transactions.

Market Data & Technology

DSB Announces Launch Dates for UPI Service

By Editors | 24/02/2023

The UPI UAT environment and a client onboarding and support platform will be available from 17 April, and the UPI production environment from 16 October.

Clearing & Post-Trade

ASIC Directs ASX to Produce ‘Special Reports’ on CHESS System

By Sanday Chongo Kabange | 23/02/2023

The reports will help ensure ASX is adequately addressing findings from an external review, and whether any further regulatory action is warranted.