LATEST NEWS

    Market Infrastructure

    ESMA to Simplify Cash Penalties Process Under CSDR

    By Editors | 24/11/2022

    The amendments simplify the cash penalties process by putting CSDs in charge of collection and distribution, including for CCP-cleared transactions.

    Fintech / Regtech

    ZA Bank, Wise Partner to Offer International Remittances

    By Manesh Samtani | 24/11/2022

    ZA Bank will offer a “hassle-free service to users, without worrying about any foreign exchange markup, hidden charges and transfer progress.”

    Market Infrastructure

    UK FCA Publishes Consultation on Synthetic USD LIBOR

    By Manesh Samtani | 24/11/2022

    The FCA proposes that the 1-, 3- and 6-month USD LIBOR settings will be published under a synthetic methodology until end September 2024.

    Capital / Liquidity

    US Federal Agencies Find Shortcoming in Citigroup Resolution Plan

    By Editors | 24/11/2022

    The agencies said the shortcoming raises questions about the bank’s ability to produce accurate financial information during stress conditions and could undermine its resolution plan.

    Crypto / Digital Assets

    ASIC Commences Proceedings Over Unlicensed Crypto Products

    By Editors | 24/11/2022

    ASIC said some of Block Earner’s fixed yield earning products should have been licensed as managed investment schemes.

    Enforcement

    US SEC Fines Goldman Unit For Not Following ESG Policies

    By Editors | 24/11/2022

    Goldman Sachs Asset Management had policies and procedures failures involving the ESG research its investment teams used to select and monitor securities.

    Fintech / Regtech

    IMF Shines Spotlight on Benefits of Instant Payments

    By Sanday Chongo Kabange | 24/11/2022

    The IMF says demand attributes and benefits offered by instant payments may make CBDC less compelling if issued.

    Fintech / Regtech

    Thailand Eases Rules for FX Business Operators

    By Sanday Chongo Kabange | 23/11/2022

    The new rules will help promote innovation by foreign exchange service providers while also reducing the operational burden associated with licensing.

    Crypto / Digital Assets

    Korea Prosecutors Seize $104m from Terra Co-founder

    By Editors | 23/11/2022

    Prosecutors seized and froze USD 104.4 million in assets belonging to Daniel Shin, representing profits from the sale of pre-issued LUNA tokens to investors.

    Press Release

    Adenza Recognised for Liquidity Modelling & Stress Testing Solution

    By Editors | 23/11/2022

    Adenza, was awarded best solution in capital/liquidity modelling & stresstesting at Regulation Asia’s 5th annual awards ceremony.

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