Capital / Liquidity

RBI Directs Banks to Treat Certain Rated Exposures as Unrated

15/10/2022

Banks must treat corporate and NBFC exposures as if they were unrated if the lenders’ details are not disclosed in rating actions.

Crypto / Digital Assets

Thai SEC Orders Bitkub to Fix Standards of Native Token

15/10/2022

The SEC says KUB Coin’s so-called “adminTransfer” function could be used by attackers to transfer digital assets from any wallet.

BSP Directs FIs to Bolster Email Security, Cyber Awareness

15/10/2022

Financial institutions are directed to adopt “robust and layered” security controls and industry best practices to reinforce email security.

Australia’s First Islamic Bank Prepares for Limited Launch

14/10/2022

Customers will be charged rent while living under the bank’s share of a property, rather than paying interest.

AML / KYC

Glencore Facing Investor Lawsuits Following Bribery Conviction

14/10/2022

Sovereign wealth funds from the UAE, Kuwait and Norway, along with Abrdn, HSBC, Standard Life and others are among the claimants.

Capital / Liquidity

Taiwan Allows Insurers to Reclassify Assets Using IFRS 9

14/10/2022

Reclassification of assets under IFRS 9 will enable insurers to mitigate the effects of rate hikes on their financial ratios.

Market Infrastructure

CME Confirms 14 April 2023 for Conversion of Eurodollar F&O

14/10/2022

CME will amend its eurodollar futures and options fallback rules to set the conversion date to 14 April 2023.

AML / KYC

Switzerland to Commence Work on Creating UBO Register

14/10/2022

A bill will be drafted by mid 2023 to create a central beneficial ownership register that will be accessible to authorities.

AML / KYC

US Treasury Facing 2nd Lawsuit Over Tornado Cash Sanctions

14/10/2022

Think tank Coin Center argues that the Tornado Cash sanctions harm US citizens and their ability to transact privately using the Ethereum network.