Securities / Derivatives

RBI Issues Guidelines on Retail Access to Government Securities

14/07/2021

Retail investors will be able to open an account directly with the central bank to gain access to primary issuance and secondary trading in government securities.

Market Infrastructure

TAIFEX to Launch Central Clearing for OTC Derivatives in June 2022

14/07/2021

FSC chairman Huang Tien-mu said it is “imperative” to establish central clearing for OTC derivatives as soon as possible.

AML / KYC

Korea to Require Overseas Crypto Exchanges to Register with KoFIU

14/07/2021

Cryptocurrency exchanges based outside Korea would be required to register with KoFIU if they use the Korean won for settlement.

AML / KYC

New Zealand to Update AML/CFT Regulations

14/07/2021

Reporting entities will have to conduct customer due diligence on nominee directors and nominee general partners of companies, among other changes.

Capital / Liquidity

New Standard Published to Assess Islamic Deposit Insurance Systems

14/07/2021

The IADI and IFSB have developed a set of core principles that can be used to develop and assess the effectiveness of Islamic deposit insurance systems.

AML / KYC

Malaysia Files Suit Against KPMG Partners Over 1MDB Losses

13/07/2021

The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm’s audits of 1MDB’s financial statements.

Market Infrastructure

HKMA Asks Banks to Bolster Corporate Awareness of LIBOR Cessation

13/07/2021

Banks are asked to distribute a leaflet to all corporate customers by 31 July 2021 and to send confirmation to the HKMA after the exercise is complete.

Big Picture

Multilateral Collaboration Essential for CBDC Development

13/07/2021

A new report from CPMI, BIS Innovation Hub, the IMF and the World Bank highlights the need for multilateral collaboration and interoperability between CBDCs.

ESG / Sustainability

International Organisations to Launch Climate Training Alliance

12/07/2021

The initiative will see the establishment of a dedicated online portal for global training on climate risks for central banks and supervisors.