Capital / Liquidity

Derivatives Are “Essential” to Carbon Markets: ISDA

06/10/2021

Regulatory action is needed to address disproportionately high capital requirements that would be imposed on carbon certificates by FRTB.

UPDATED – RBI to Initiate Insolvency Proceedings at Two NBFCs

06/10/2021

Srei Infrastructure Finance and Srei Equipment Finance owe about INR 180 billion in loans to about 15 banks and INR 100 billion in external borrowings and bonds.

AML / KYC

SWIFT Publishes Guidelines for Screening ISO 20022 Messages

06/10/2021

Richer data in ISO 20022 messages allow financial institutions to potentially reduce false positives in sanctions screening, SWIFT says.

AML / KYC

MAS Examining Asiaciti Trust Revelations in Pandora Papers

06/10/2021

The Pandora Papers show that Singapore firm Asiaciti Trust had helped politicians and public officials set up trusts and shell companies in secrecy jurisdictions.

Securities / Derivatives

Malaysia Launches New Crude Palm Oil Futures Contract

06/10/2021

The new contract is expected to attract commodity traders in China’s palm olein market to trade on the DCE and Bursa conurrently.

AML / KYC

HKMA Issues Guidance on Preventing eDDA Fraud

06/10/2021

The HKMA provides good practices banks can use to guard against different fraud scenarios when offering electronic direct debit authorisation services.

AML / KYC

US to Gather 30 Countries to Coordinate Ransomware Response

06/10/2021

The Counter-Ransomware Initiative is aimed at improving law enforcement collaboration and stemming the illicit use of cryptocurrency.

CBIRC Directs Banks to Finance Coal Amid Energy Crisis

06/10/2021

China’s energy crisis is the result of efforts to reduce domestic coal production to meet climate policy objectives, exacerbated by a ban on imports from Australia.

Securities / Derivatives

Thailand, China to Explore Market Connectivity Initiatives

05/10/2021

SEC and CSRC officials have agreed to explore the development and implementation of connectivity initiatives between their markets.