Structural Regulation

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

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    Structural Regulation

    BOT Publishes New Consultation Paper on Virtual Bank Licensing Framework

    By Editors | 19/06/2023

    The consultation paper clarifies expectations for virtual banks to stimulate healthy competition and elaborates on the key qualifications of applicants.

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    Structural Regulation

    Malaysia SC to Refine Investor Classification Framework

    By Ranamita Chakraborty | 19/06/2023

    The SC will also allow fund managers to offer foreign funds to high-net-worth entities and institutional investors.

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    Conduct, Culture & Accountability

    SGX RegCo Reprimands Former Nutryfarm Directors for Breach of Listing Rules

    By Karen Ng | 19/06/2023

    The former Nutryfarm directors did not disclose a possible loan restructuring that would have a a material dilutive effect on Nutryfarm’s existing shareholders, SGX RegCo said.

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    Trading & Investment

    DBS Launches New Multi Family Office Platform for UHNW Families

    By Sanday Chongo Kabange | 19/06/2023

    The new platform is established as an umbrella VCC, with multiple underlying sub-funds that clients can use to manage their assets.

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    Payments & Settlements

    Australia Calls for Improved Transparency on Remittance Costs

    By Mark Johnston | 18/06/2023

    A coalition of companies has called on the government to require banks to disclose all the costs of international money transfers upfront.

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    DeFi & Web3

    Industry Raises Concerns Over SEC Proposal to Redefine Exchanges

    By Editors | 18/06/2023

    SIFMA says the SEC’s attempt to bring DeFi systems into scope could potentially subject other non-DeFi broker-dealer systems to unnecessary regulation.

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    Capital Adequacy

    FRAA Proposes Draft Metrics Framework for Assessing APRA, ASIC

    By Editors | 18/06/2023

    The framework will enhance the Financial Regulator Assessment Authority’s assessment toolkit and provide direct insights on APRA and ASIC’s activities.

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    Structural Regulation

    Fed Launches Database of Firms With Access to Master Accounts

    By Editors | 17/06/2023

    The database also lists financial institutions that have requested access to master accounts and services, and the status of each request.

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    Structural Regulation

    MAS Supports Balanced Approach to BNPL Regulation

    By Editors | 16/06/2023

    MAS said overly strict regulations would unnecessarily restrict BNPL providers and limit consumer choices.

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    Climate Risk

    Fit For Purpose: Existing Principles for FMIs Can Address Financial Climate Change Risks

    By Michael Leibrock | 16/06/2023

    FMIs are well placed to address climate-related risks in accordance with the existing PFMI principles, says DTCC’s Michael Leibrock.

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