Markets & Infrastructure

    Tokenisation

    SIX Dually Lists UBS Bond on Digital & Traditional Exchanges

    By Editors | 07/11/2022

    UBS says the issuance is the world’s first public benchmark bond that investors can access in both digital and traditional markets.

    Trading & Investment

    MAS to Ban Payment for Order Flow from 1 April 2023

    By Manesh Samtani | 07/11/2022

    Brokers “should not receive PFOF in placing and/or executing customers’ orders” because it “introduces conflicts of interests” and is “likely to cause harm to customers”, MAS says.

    Trading & Investment

    ChinaClear Consults on Trading Calendar for Stock Connect

    By Editors | 07/11/2022

    Stock Connect will be able to trade on any day when both the Mainland and Hong Kong markets are open, even if the corresponding settlement day falls on a public holiday.

    Fraud, Scams & Cybercrime

    ASIC Sets Out Enforcement Priorities for 2023

    By Sanday Chongo Kabange | 07/11/2022

    ASIC will target greenwashing, predatory lending and crypto investment scams, along with other “enduring” priorities involving misconduct and systemic compliance failures by large FIs.

    Trading & Investment

    CSRC Issues Rules for Private Pension Investments in Public Funds

    By Editors | 06/11/2022

    Fund products receiving private pension investment must have “safe” and “stable” operations and focus on long-term value preservation.

    Payments & Settlements

    Standard Chartered to Join Partior as Founding Shareholder

    By Editors | 06/11/2022

    The investment will strengthen Partior’s international reach and capabilities, while also helping StanChart accelerate the deployment of blockchain tech across its own network.

    Conduct, Culture & Accountability

    Australia: Customer Owned Banks Gets New Code of Practice

    By Editors | 06/11/2022

    The new code establishes obligations for more inclusive banking products, expanded lending obligations and guarantor protections, and greater support for vulnerable customers.

    Payments & Settlements

    MAS to Cooperate with Ghana on Trade and Financial Services

    By Editors | 04/11/2022

    MAS will work on initiatives to generate greater opportunities for trade and financial services cooperation between Singapore and Ghana.

    CBDCs

    NY Fed Issues Phase One Report on Wholesale CBDC Research

    By Editors | 04/11/2022

    In the test environment, wholesale CBDC transactions on a blockchain-enabled distributed ledger system settled in under 15 seconds on average.

    Fraud, Scams & Cybercrime

    US: ABA Warns Against Liability Shift for Fraudulent P2P Payments

    By Manesh Samtani | 04/11/2022

    Making banks liable for customer-initiated P2P transfers that result from fraud will harm consumers and competition, embolden scammers, and ultimately increase fraud rates.

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