Markets & Infrastructure

Conduct, Culture & Accountability

ASIC Publishes Inspection Findings from Six Biggest Audit Firms

By Editors | 01/11/2022

Based on the number of negative findings in the files ASIC assessed, EY demonstrated the highest quality audits, followed by BDO and PwC.

CBDCs

RBI Starts Testing CBDC in G-Sec Trade Settlement

By Editors | 01/11/2022

The RBI will also commence testing of a retail CBDC “within a month” in select locations in “closed user groups comprising customers and merchants”.

Clearing & Post-Trade

ESMA to Withdraw Recognition of Six Indian CCPs

By Editors | 01/11/2022

EMIR conditions for recognition are not met because no cooperation arrangements have been concluded between ESMA and the relevant Indian authorities.

Trading & Investment

ASX Issues 2nd Consultation on Measures for Handling Outages

By Editors | 01/11/2022

ASX is seeking feedback on new order and trade download services, a ‘cancel only’ session state, and an intraday restart capability.

Cryptocurrency

Malaysia to Grant Licences to More ECF, P2P, Crypto Platforms

By Editors | 01/11/2022

A Digital Innovation Fund will also be established to co-fund innovative projects to digitalise the capital market and make it more competitive.

CBDCs

BOT Expects Retail CBDC Launch to Take At Least Five Years

By Editors | 31/10/2022

The BOT expects to begin testing retail CBDC applications with the private sector in December. Ahead of the tests, the BOT is inviting firms to suggest “interesting use cases”.

Payments & Settlements

Thailand Set to Launch Letter of Guarantee System for Banks

By Editors | 31/10/2022

The Bank of Thailand said the new blockchain-based system has passed its regulatory sandbox process after being tested by 18 commercial banks.

Conduct, Culture & Accountability

SFC Disciplines Takeovers Code Breach with ‘Public Criticism’

By Editors | 30/10/2022

Gold Dragon Worldwide Asset Management failed to disclose trades in a stock during an offer period despite it controlling more than 5 percent of the stock.

Payments & Settlements

EU Commission Proposes New Rules on Instant Payments

By Manesh Samtani | 30/10/2022

Banks would be required to offer instant payments at the same cost as other credit transfers. Instant euro payments may later be expanded internationally.