Structural Regulation

Experian Appointed Bureau Operator for Singapore BNPL Industry

30/11/2022

Experian will facilitate creditworthiness checks for consumers using credit information submitted by all accredited BNPL players in Singapore.

Anti-Money Laundering

FATF Re-rates China on Two More Recommendations

30/11/2022

China was re-rated for progress made in the implementation of PF-related targeted financial sanctions and on beneficial ownership transparency.

Cybersecurity

CPMI, IOSCO Identify Cyber Resilience Weaknesses at Some FMIs

30/11/2022

Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.

Operational Risk

APRA Publishes ‘One-stop Shop’ Guidance for Directors of ADIs

30/11/2022

The guide brings together all of the standards and PPGs needed to help directors navigate requirements that are specific to them, APRA said.

Trading & Investment

KRX Launches New Market Segment for Blue Chip Stocks

30/11/2022

The KOSDAQ Global segment comprises 51 companies with a combined market cap of about KRW 78 trillion, which represents 23 percent of the KOSDAQ market.

Emerging Prudential Risks

BCBS Warns of Risks from Bank Exposures to Leveraged NBFIs

30/11/2022

Bank exposures to NBFIs, particularly highly leveraged firms, could lead to excessive risk concentration and potential liquidity issues.

Cryptocurrency

IOSCO to Develop Regulatory Guidance for Crypto Market

30/11/2022

IOSCO chair Jean-Paul Servais said new standards for regulating “crypto conglomerates” are an “obvious necessity.”

Fraud, Scams & Cybercrime

UK Crypto Fraud Increased 32pc Over One Year Period

30/11/2022

UK police unit Action Fraud said crypto-related fraud losses from October 2021 to September 2022 amounted to $270mn.

PEPs & Sanctions

EU to Gain Legal Authority to Punish Sanctions Circumvention

30/11/2022

The move will make it easier for EU authorities to take action against anyone who helps Russia avoid its sanctions.