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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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