AML / KYC

UK Updates Guidance to Implement Travel Rule for Cryptoasset Transfers

29/07/2023

The proposed guidance specifies the information on originators and beneficiaries that crypto exchanges and wallet providers must send, receive and verify as part of a cryptoasset transfer.

ESG / Sustainability

FSOC Meeting Highlights Urgent Need to Address Climate Risks

28/07/2023

Gary Gensler said the SEC will consider “appropriate” adjustments to its proposed climate risk disclosure framework.

Securities / Derivatives

Malaysia Announces New Measure to Boost Capital Market

28/07/2023

The measures include reducing the board lot size, enabling fractional share trading. and enabling automatic transfers from the ACE Market to the Main Market of Bursa Malaysia.

Enforcement

China Proposes Criminal Law Amendments Targeting Corruption

28/07/2023

The penalties for corruption offences are strengthened and now also apply to corruption-related crimes committed by insiders of private enterprises.

Capital / Liquidity

BOK Enhances Standing Lending Facility to Mitigate Run Risk

28/07/2023

BOK is lowering the rates charged to use the lending facility and expanding the types of collateral it accepts.

Capital / Liquidity

Canada: OFSI Consults on Capital Rules for Crypto Exposures

28/07/2023

Two guidelines are proposed, one for federally regulated deposit-taking institutions, the other is for insurers.

Capital / Liquidity

FSB Spotlights NBFI Risks, Focusing on Liquidity Mismatch, Leverage

28/07/2023

FSB’s John Schindler outlined the steps being taken to address liquidity mismatches and leverage risk within the NBFI sector.

Enforcement

BNP Paribas Braces for Fine Over Unauthorised Messaging Usage

28/07/2023

BNP Paribas said in its mid-year earnings report that it expects a fine from the CFTC and SEC.

Market Infrastructure

NZ Regulators Demand Progress on Real-Time Payment System

27/07/2023

RBNZ and the Council of Financial Regulators criticised Payments NZ’s slow progress towards a real-time payment system.