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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.

Structural Regulation
BNM to Finalise Licensing Framework for Digital Insurers in 2024
By Sanday Chongo Kabange | 06/10/2023
Following consultation, BNM said it would refine and enhance several aspects of the framework for digital insurers and takaful operators.

Cryptocurrency
US Judge Denies SEC Permission to Appeal Ripple Ruling
By Editors | 04/10/2023
The July ruling found that programmatic sales of Ripple’s XRP digital token on public exchanges was not a breach of federal securities laws.

Trading & Investment
Philippine Stock Exchange Issues Final Short Selling Guidelines
By Sanday Chongo Kabange | 04/10/2023
The PSE said the SEC and BIR approved critical components of SBL transactions. A separate announcement will be made about the official launch date.

Structural Regulation
CFTC Fines Three Major FIs for Swap Reporting and Other Violations
By Mark Johnston | 03/10/2023
Affiliates of Goldman Sachs, JP Morgan, and Bank of America were fined a total $53mn for violating rules for swap dealers.

Structural Regulation
China, Germany to Strengthen Cooperation on Market Access
By Editors | 03/10/2023
Consensus was reached on 25 different topics, including on strengthening regulatory cooperation in the banking and insurance sectors.

Trading & Investment
SGX Launches First Ammonia Derivatives Contracts
By Editors | 03/10/2023
SGX launched its first ammonia swap and futures contracts covering FOB Middle East and CFR East Asia pricing points.

Payments & Settlements
Malaysia to End Fee Waiver on QR Payments to Merchants
By Editors | 02/10/2023
Public Bank, Maybank, CIMB, and TNG Digital said they will not impose the merchant transaction fee for the time being.

Payments & Settlements
RBA Publishes Conclusions on Measures to Enhance Debit Card Market
By Editors | 02/10/2023
The RBA will not prohibit banks from setting a default routing network on dual-network cards, but said it expects faster progress on enabling least-cost routing.

Structural Regulation
Singapore: New CMFAS Exams to Commence from 1 April 2024
By Editors | 30/09/2023
The commencement date was announced in MAS’ response to a 2020 consultation on competency requirements for financial advisers and CMS licence holders.

Conduct, Culture & Accountability
US Regulators Fine 12 More Entities in WhatsApp Probe
By Editors | 29/09/2023
The latest penalties target broker-dealers, their investment advisory businesses, as well as two credit rating agencies.
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