Market Risk

SFC Proposes Risk Management Guidelines for Futures Brokers

28/11/2022

The guidelines strengthen requirements for futures brokers to safeguard client assets, put in place trading controls, and set prudent client limits.

Fraud, Scams & Cybercrime

Authorities from Ten Countries Take Down Spoofing Website

28/11/2022

Europol says the website offered services that enabled fraudsters to impersonate companies including banks to access sensitive information from victims.

Structural Regulation

China Establishes Five New Reform Zones for Tech Innovation

26/11/2022

Directive calls on banks, insurers and PE firms to provide services and investment to innovative companies in Shanghai, Nanjing, Hangzhou, Hefei and Jiaxing.

Structural Regulation

SEBI Restricts Activities of AIFs Using Priority Distribution Models

26/11/2022

Effective immediately, AIF schemes with priority distribution models are barred from accepting fresh investments and investing in new companies.

Structural Regulation

FSC Korea Outlines Reforms to Provide Boost to Insurance Sector

26/11/2022

The reforms will promote digital marketing and sales channels, product innovation, and ease insurance asset management rules to enable more efficient portfolio management.

Reporting & Disclosures

UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance

26/11/2022

The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.

Cybersecurity

CSRC Issues Technology Standards for Securities, Futures Firms

26/11/2022

Seven new standards include guidance to help firms improve information security, protect key data including client information, and ensure the continuity of their IT services.

Sustainable Finance

ISDA Identifies Opportunities to Standardise SLD Terms

26/11/2022

ISDA describes sustainability-linked derivatives as typical derivatives transactions with an ESG add-on that affects payment flows.

Trade Based Money Laundering

Bangladesh Bank Call on Banks to Address Trade Mis-Invoicing

25/11/2022

Bangladesh Bank calls on banks and NBFIs to help stop over- and under-invoicing as they are causing the government to lose revenue and foreign currency.