Cybersecurity

RBI Allows Banks to Introduce Card Token Facilities

09/10/2023

Card token creation has until now only been available through merchant applications or websites, not issuer banks.

Market Abuse

Korean Investors Warned About Illegal Overseas Trading

09/10/2023

The FSC and FSS say there has been a recent increase in the number of foreign investigations involving Korean investors.

Structural Regulation

SEBI Forms 16 Working Groups to Focus on Rule Simplification

09/10/2023

SEBI is additionally inviting suggestions from the public and regulated entities on ways to simplify, ease and reduce cost of compliance.

Trading & Investment

Taiwan: 11 Fund Managers Selected to Receive Policy Concessions

09/10/2023

Three firms were cut from the list of foreign fund managers eligible for policy concessions since last year. Goldman Sachs was added.

Sustainable Finance

European Parliament Adopts New Standards for Green Bonds

09/10/2023

The standards impose strict requirements on companies that choose to use the ‘European green bond’ or ‘EuGB’ label.

Structural Regulation

Citi Announces Deal to Sell China Consumer Business to HSBC

09/10/2023

Following the transaction, expected to close in H1 2024, Citi’s consumer business will be integrated into HSBC’s wealth and personal banking business unit.

Payments & Settlements

India, UAE Sign Agreement to Interlink Payment Systems

09/10/2023

India will interlink the UPI with the UAE’s Instant Payments Platform. The RuPay switch and UAESWITCH card switches will also be interlinked.

Clearing & Post-Trade

ESMA Consults on Potential Move to Shorter Securities Settlement Cycle

08/10/2023

ESMA said it is looking to consider “all the possibilities for a shortened settlement cycle, including both T+1 and T+0”.

Conduct, Culture & Accountability

MAS and Industry Bodies Publish Financial Planning Guide

08/10/2023

Financial advisory firms and their representatives are asked to refer to the guide in their financial planning conversations with customers.