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Clearing & Post-Trade
India Resists ESMA Requirements on CCP Recognition – Reports
By Manesh Samtani | 14/11/2022
ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.
Fraud, Scams & Cybercrime
ACCC Calls for Laws Requiring Digital Platforms to Stop Scams
By Editors | 13/11/2022
The ACCC says consumer and competition harms across a range of digital platform services are “widespread, entrenched, and systemic”.
Conduct, Culture & Accountability
Bursa Malaysia Issues Public Reprimand Over Sponsor Failures
By Editors | 13/11/2022
TA Securities did not assess the internal controls and risk management systems of the listing applicant and falsely represented that it had.
PEPs & Sanctions
LME Decides Against Banning Russian Metals from Warehouses
By Editors | 13/11/2022
The LME received feedback that a “material portion” of the market is still planning to buy Russian metal in 2023.
Credit Risk
Philippines Introduces Standard Forms for Business Loan Applications
By Editors | 13/11/2022
Lenders have 18 months to use the new standard form, which the BSP says will make credit more accessible to small businesses.
Trading & Investment
SZSE Opens Science and Technology Exchange Centre
By Editors | 13/11/2022
The Centre will serve as a platform to promote science and technology innovation and connect innovative firms to private equity and venture capital.
PEPs & Sanctions
US Officials Asks Banks Maintain Services for Some Russian Firms
By Editors | 12/11/2022
The effort is said to be aimed at reducing the negative effects of Russia-targeting sanctions on the global economy.
Conduct, Culture & Accountability
APRA Calls for Continued Improvements in Bank Risk Culture
By Editors | 12/11/2022
APRA shares the results of a survey that sought views from employees at 18 ADIs on their risk management practices.
CBDCs
NY Fed, MAS to Test CBDC-based Cross-Border Payments
By Editors | 11/11/2022
“Project Cedar Phase II x Ubin+” will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.
Clearing & Post-Trade
ESMA Recognises TAIFEX as QCCP Under EMIR
By Editors | 11/11/2022
The recognition lowers capital requirements and makes managing counterparty risk easier for EU financial institutions participating in Taiwan’s market.
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