Market Risk

SEBI Issues Swing Pricing Framework for Debt Funds

11/10/2021

During periods of market dislocation, investors will only be able to exit certain debt funds at 1-2 percent below the NAV.

KYC & CDD

Singapore: Exemptions for Foreign Offices of FIs Take Effect

10/10/2021

Under the new ‘Branch Framework’, Singapore FIs have to assess whether their overseas representatives are acting on behalf of the Singapore office or the foreign office.

Payments & Settlements

SEBI to Stop Use of Pool Accounts for Mutual Fund Transactions

10/10/2021

From 1 April 2022, investor money should be directly credited to the bank account of the mutual fund scheme when an investor purchases units.

Emerging Prudential Risks

New Zealand Becomes Third in APAC to Raise Rates

08/10/2021

The RBNZ increased its official cash rate for the first time in seven years to contain inflationary pressures and cool the housing market.

Trading & Investment

SFC, HKMA Release Findings on Investment Product Sales

08/10/2021

Firms sold investment products with an aggregate transaction amount of HKD 5.7 trillion during 2020, with the participation of over 700,000 investors.

Operational Risk

Mizuho Experiences Eight System Glitch for the Year

08/10/2021

The system failure affected 387 transactions for foreign exchange trades. Mizuho is required to submit a report on its IT systems to the FSA by 29 October.

Emerging Prudential Risks

Data Gaps Initiative to Extend Past 2021: FSB, IMF

08/10/2021

A new international cooperation initiative on data gaps will be needed after the DGI concludes. Some phase 2 recommendations may not yet be complete by year-end.

Payments & Settlements

CPMI Calls for Solutions to Expand PvP Settlement

08/10/2021

Banks and fintechs are invited to share their views on potential solutions to expand PvP settlement to further mitigate FX settlement risk in global markets.

Anti-Money Laundering

US DOJ Creates National Cryptocurrency Enforcement Team

07/10/2021

The NCET will cooperate with international law enforcement agencies as well as private sector actors to target the criminal misuse of cryptocurrency.