Hong Kong Unveils Insurance Sector Development Roadmap

11/12/2022

The roadmap includes plans to explore ways to connect Mainland and Hong Kong insurance markets and introduce a new policyholders’ protection scheme.

AML / KYC

Luxembourg Restores Partial Access to Beneficial Owners Register

10/12/2022

Access is being reinstated for journalists and certain professionals that require beneficial ownership information for AML/CFT.

Securities / Derivatives

RBI Tightens Rules on Loan Securitisations

10/12/2022

Local market participants say the move will reduce the volume of tradable securities available in the market, but improve the quality of securitisations.

Securities / Derivatives

CSRC Authorises Fidelity to Operate Onshore Mutual Funds Business

10/12/2022

Fidelity International’s approval comes after similar approvals were granted to Neuberger Berman, Manulife Financial Corp and BlackRock.

Crypto / Digital Assets

US Probes FTX Founder for Suspected Terra Manipulation

09/12/2022

Prosecutors are reportedly looking into whether Sam Bankman-Fried manipulated the prices of TerraUSD and Luna to benefit entities he controlled.

AML / KYC

AUSTRAC Issues Guidance to Help Customers Without Standard IDs

09/12/2022

The guidance will help FIs develop alternative customer identification and verification procedures to help customers that are unable to meet standard ID requirements.

ESG / Sustainability

Malaysia JC3 to Prioritise Work on Climate & Environmental Data

09/12/2022

The JC3 will work with data providers in 2023 to improve data accessibility, quality, comparability and consistency; and develop strategies to substantially reduce data gaps.

ESG / Sustainability

BCBS Issues Guidance on Capturing Climate Risks in Pillar 1 Standards

09/12/2022

The FAQs cover RWA calculations for credit risk, operational risk, and market risk, as well as considerations for meeting LCR requirements.

Market Infrastructure

RBI Restores Pre-pandemic Market Hours for Certain Markets

09/12/2022

Commercial paper, certificates of deposit, corporate bond repo and rupee interest rate derivatives markets will be restored to 9am-5pm.