AML / KYC

US DOJ Repatriates Additional $452bn in 1MDB Funds to Malaysia

08/08/2021

The total funds belonging to 1MDB that have been returned to date amount to over $1.2bn, the DOJ said in a statement.

AML / KYC

SEBI Allows Indian Fund Managers to Participate in FPIs

07/08/2021

KYC norms that required FPIs and institutional investors to disclose their personal information to SEBI have also been relaxed.

Market Infrastructure

LIBOR Alternatives Gain Traction in Japan – Report

06/08/2021

OIS transactions based on TONA and TIBOR increased in July, suggesting alternative rates to JPY LIBOR are gaining traction.

Capital / Liquidity

APRA Releases Final Prudential Standard on Capital Adequacy

06/08/2021

CET1 capital may not have unusual features that could undermine its role as the highest quality loss-absorbing capital. The final APS 111 takes effect from 1 January 2022.

Market Infrastructure

CPMI Workplan Highlights Focus on Stablecoins, CBDCs

06/08/2021

CPMI annual work programme highlights cross-border payments, stablecoins, CBDCs, central clearing and FMI risks as key priorities.

Enforcement

ASIC Issues Update on Compensation Paid for Non-compliant Advice

05/08/2021

Australia’s 6 largest FIs have paid over A$1.86 billion to compensate customers for fees-for-no-service misconduct and non-compliant advice.

Market Infrastructure

FIs Team Up to Accelerate Coal Plant Closures in APAC

05/08/2021

Prudential, Citi, HSBC, and BlackRock are reportedly working on a plan to buy out coal-fired plants and wind them down early.

Market Infrastructure

CBIRC Orders Trust Companies to Divest Non-financial Subsidiaries

05/08/2021

Trust companies can retain just one non-financial subsidiary whose business covers investment management or asset management. The remaining subsidiaries must be liquidated.

Securities / Derivatives

SEBI Asks RTAs to Build Common Platform for Fund Investors

05/08/2021

SEBI has asked India’s two RTAs, KFinTech and CAMS, to develop a new dedicated platform for investors to transact in mutual funds.