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Custody & Infrastructure
Russia Launches Blockchain-Based Alternative to SWIFT
By Editors | 14/06/2022
Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.
Structural Regulation
MAS, IFC, UNDP Launch Global MSME Empowerment Programme
By Editors | 14/06/2022
The programme will seek to help MSMEs build financial literacy and digital skillsets, address financing gaps and improve financial inclusion.
Conduct, Culture & Accountability
UK FCA Places Credit Suisse on Regulatory Watchlist
By Editors | 14/06/2022
Credit Suisse was added to the FCA’s watchlist due to concerns that it was not doing enough to improve its culture, governance and risk controls.
Cryptocurrency
Australia: New Govt to Push Ahead with BNPL, Crypto Regulation
By Editors | 14/06/2022
The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.
Trading & Investment
TAIFEX to Launch Semiconductor, Logistics Futures
By Editors | 14/06/2022
The new contracts are a response to heightened market demand for industry-specific risk management tools, TAIFEX says.
Payments & Settlements
RBI to Allow Credit Cards to Link to UPI System
By Editors | 14/06/2022
Allowing credit cards to link with the UPI will provide consumers more payment options and greater convenience, the RBI said.
Conduct, Culture & Accountability
China: Banks, Fund Managers Directed to Rein In Executive Pay
By Editors | 14/06/2022
Fund houses are required to defer a portion of executive bonus payments. Senior staff are directed to invest their bonuses in financial products issued by their companies.
Structural Regulation
CSRC Orders Six Brokerage Firms to Correct Violations
By Editors | 14/06/2022
The CSRC has issued warning letters to six securities companies, ordering them to correct violations involving their overseas subsidaries.
Clearing & Post-Trade
HKMA Chief Outlines Plans to Enhance CMU Services
By Editors | 13/06/2022
The Central Moneymarkets Unit will be further commercialised and upgraded in phases over three years. A new platform will be launched in 2025.
Clearing & Post-Trade
HKEX Launches VaR Platform for Clearing Participants
By Editors | 13/06/2022
The new platform introduces margin requirements based on individual stock volatility, instead of a flat margin rate across all securities.
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