SEBI Proposes to Form New Supervisory Body for Research Analysts

24/08/2023

SEBI proposes to require membership in the new body in order to obtain registration as a research analyst in India.

ESG / Sustainability

RBNZ Releases Results of Second Climate Risk Survey

24/08/2023

Just over half of the entities have not yet undertaken climate-related scenario analysis, though all plan to do so in the next 12 months.

Enforcement

Korea: BNK Establishes Dedicated Team to Enhance Internal Controls

23/08/2023

The internal control analysis team is a response to multiple cases of misconduct by employees at BNK Kyongnam Bank.

AML / KYC

Wolfsberg Group Responds to FATF Consultation on NPO Standards

23/08/2023

It says NPOs should be required to conduct their own risk assessments and deploy risk-based controls similar to those used by correspondent banks.

Crypto / Digital Assets

New Zealand: Collapsed Crypto Firm Reported to FMA, SFO

22/08/2023

Grant Thornton has contacted regulators about a NZ$6.3 million shortfall between reported user holdings and the digital assets held by collapsed crypto firm Dasset.

Capital / Liquidity

SGX RegCo Issues Alert Against Dasin Retail Trust

22/08/2023

An individual apparently bought units to push up the price of Dasin Retail Trust, a China retail property trust providing exposure to the GBA.

ESG / Sustainability

BSP Signs UN-backed Principles for Responsible Investment

22/08/2023

Becoming a PRI signatory will help the BSP enhance its integration of ESG factors in its investment process and decision-making.

Market Infrastructure

Indonesia, Singapore Start QR Payment Interconnection Trial

21/08/2023

The QR payment linkage between Indonesia and Singapore is expected to officially launch within H2 2023 after the completion of the trials.

RBI Unveils New Penal Charges Regime to Promote Fair Lending

21/08/2023

The RBI said penal charges in loan accounts should be used to promote credit discipline and not as a “revenue enhancement tool”.