Structural Regulation

Australia Consults on Regulations for Big Four Auditors

07/05/2024

Treasury is seeking views on stronger powers for the ATO and TPB and regulations for accounting, audit and consulting firms.

Cybersecurity

Taiwan to Bolster Security Standards for E-Payments Firms

07/05/2024

The FSC asked the banking association to develop standards for electronic payment institutions based on the existing norms for banks.

Anti-Money Laundering

UPDATED: MONEYVAL Publishes Six AML/CFT Progress Reports

07/05/2024

Cyprus, Lithuania and Poland were each upgraded on one recommendation.  Croatia was upgraded on seven recommendations.

Anti-Money Laundering

US Prosecutors Secure Guilty Plea from Ex BTC-e Operator

06/05/2024

Alexander Vinnik was facing up to 55 years in prison, but due to a plea bargain he is expected to receive a prison term of less than ten years.

Liquidity Risk

China Issues New Rules for Private Securities Investment Funds

06/05/2024

The rules were proposed last May but have since been relaxed in several aspects, including a lower forced liquidation threshold.

Structural Regulation

NZX Issues Consultation on Director Independence Settings

06/05/2024

NZX is undertaking a detailed review of its corporate governance settings relating to director independence.

Resolution & Recovery

NZ Treasury Consults on Funding for Depositor Compensation

06/05/2024

The consultation paper seeks feedback on the funding strategy for the Depositor Compensation Scheme.

PEPs & Sanctions

US Officials in Malaysia, Singapore This Week to Discuss Sanctions

06/05/2024

Treasury’s Brian Nelson and Neil MacBride will meet with the Malaysian and Singapore financial sectors to discuss compliance and enforcement efforts.

Sustainable Finance

HKMA Issues Updated Guideline on Green Finance Grant Scheme

06/05/2024

The grant scheme is being extended another three years, and its scope is being expanded to cover transition finance instruments.