APRA Publishes Template for Reporting Material Service Providers

22/10/2024

Regulated entities will use the template to provide their MSP register to APRA on an annual basis, as required by the new CPS 230 standard.

AML / KYC

MAS Updates AML/CFT Guidelines to Support COSMIC Initiative

22/10/2024

The Guidelines to Notice 626 and Notice FSM-N02  were revised to align with requirements related to the COSMIC information sharing platform.

Capital / Liquidity

China Lowers Benchmark Lending Rates to Support Economy

22/10/2024

The cuts are aimed at driving down financing costs for businesses and individuals, and boosting domestic demand.

Enforcement

US Authorities Arrest Man Over False SEC Tweet on Bitcoin ETFs

22/10/2024

The arrestee had used a SIM swap attack in January to obtain access to the SEC’s X account, while his co-conspirators issued the fraudulent tweet.

ESG / Sustainability

CME Group Launches Trading in ACCU Futures on NYMEX

22/10/2024

CME Group’s Peter Keavey said the CBL ACCU futures contract was launched to help firms manage the risks associated with carbon reduction strategies.

Enforcement

SFC Suspends Former Private Banker for Regulatory Breaches

22/10/2024

The former Julius Baer private banker lied about meeting a client face-to-face for account opening and about 14 transactions being unsolicited.

Fintech / Regtech

PBOC Forges Ahead with Market Opening, Offshore Use of Yuan

22/10/2024

Lu Lei says the PBOC will stay steadfast on further opening up the market for more foreign participation, and promote the interlinking of payment systems.

Big Picture

BIS Report Offers Considerations for Central Banks on Tokenisation

22/10/2024

The report discusses the opportunities, risks, and policy implications of token arrangements for central banks and the global financial system.

Sanctions

Chinese Drone-maker Files Suit Seeking Removal from US Blacklist

21/10/2024

DJI says its designation as a “Chinese military company” is wrong and has caused the company significant financial harm.