Custody & Infrastructure

SBI Obtains Singapore Licence to Offer Digital Asset Services

22/09/2022

SBI Digital Markets will advise on corporate finance, deal in capital markets products, and provide custodial services.

Capital Adequacy

Australia: Bond Losses Wipe Out Central Bank’s Equity

22/09/2022

An accounting loss of A$36.7bn depleted the RBA’s reserve funds and left it with a negative net equity position of A$12.4bn.

Fraud, Scams & Cybercrime

Australia Court Orders Retrial of Banned Mayfair 101 Director

21/09/2022

ASIC put a “legally incorrect case” and the primary judge made orders “based on a legally correct case not put”, the court said.

Capital Adequacy

BSP Tightens Prudential Requirements for Digital Banks

21/09/2022

Digital banks must meet the same Basel III capital, liquidity and leverage requirements applicable to universal and commercial banks.

Tokenisation

Deutsche Börse Goes Live With Digital Securities Platform

21/09/2022

The D7 platform allows FIs to issue digital financial instruments, providing an alternative to conventional physical issuance and securities processing.

Custody & Infrastructure

Thailand SEC Issues New Rules on Crypto Custody

21/09/2022

Digital asset depository service providers already in business have until 11 October to submit a licence application to the SEC.

Trading & Investment

SGX Launches New FX Trading Venue for OTC Trades

21/09/2022

CurrencyNode is an FX trading venue that connects global participants anonymously to unique and deep OTC FX liquidity pools.

CBDCs

China to Expand CBDC Testing in Guangdong, Other Provinces

21/09/2022

The central bank will expand its digital yuan testing to include Guangdong, Jiangsu, Hebei and Sichuan in their entirety.

Trading & Investment

Shanghai, Shenzhen Launch New ETF Options Contracts

21/09/2022

Officials said the new contracts will help improve China’s capital market system and its ability to serve the real economy.