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Securities / Derivatives
CSRC Proposes New Rules, Lower Fees for Public Funds Sales
By Editors | 10/12/2023
The rule changes seek to reduce the commission rates charged on public funds and improve the processes managers use to select distributors.
Fintech / Regtech
Australia Proposes Licensing Framework for Payment Services
By Manesh Samtani | 09/12/2023
Payment service providers would need to be licensed by ASIC, and in some cases, APRA. The ePayments Code will also be updated and made mandatory.
Securities / Derivatives
MAS Updates CMSL Guidance on CEO and Director Appointments
By Manesh Samtani | 09/12/2023
Capital markets firms must ensure proposed CEOs and directors are fit and proper and have 10 years of experience that is “relevant” to the role.
ESG / Sustainability
Thailand Launches 22 ESG Funds to Support Sustainability Goals
By Mark Johnston | 08/12/2023
Investors can gain tax benefits by investing in the funds, which invest in Thai bonds or stocks that adhere to ESG criteria.
Big Picture
Adapting to Regulatory Changes is a Challenge for Insurers
By Nithya Subramanian | 08/12/2023
Insurers must track regulatory changes and make operational adjustments to meet new requirements, said the Clearwater Analytics survey.
Market Infrastructure
RBI in Talks With HK, US on Cross-border CBDC Payments
By Ajoy K Das | 08/12/2023
The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.
Crypto / Digital Assets
Taiwan Considers Platform Design for Possible Future CBDC
By Editors | 08/12/2023
Taiwan’s central bank has completed a wholesale CBDC feasibility and technology study but has not yet decided whether to introduce a CBDC.
Enforcement
APRA Identifies Defective Cyber Controls at NGS Super
By Sanday Chongo Kabange | 08/12/2023
APRA said multiple reviews identified deficiencies in NGS’ compliance with its standards on information security.
Capital / Liquidity
BCBS Says it Will Launch Three New Consultations
By Manesh Samtani | 08/12/2023
The consultations will deal with the standards for crypto assets, interest rate risk in the banking book, and window-dressing by G-SIBs.
Crypto / Digital Assets
Singapore, China Announce New Bilateral Cooperation Agreements
By Manesh Samtani | 08/12/2023
The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.
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