AML / KYC

EBA Calls for Harmonised AML/CFT Framework Across EU

10/09/2020

Responding to a European Commission call for advice, the EBA says it recommends the establishment of a single rulebook to harmonise the AML/CFT framework across the EU.

Securities / Derivatives

China NIFC Issues Rules for Anonymous Bond Auctions

10/09/2020

Anonymous bond auctions are typically used to dispose of defaulted bonds at a discount, without the seller having to reveal their identity to the buyer.

ESG / Sustainability

IOSCO to Harmonise Global ESG Disclosure Frameworks – Report

10/09/2020

A new IOSCO taskforce will work to identify commonalities across sustainability disclosure standards from across the world to develop principles-based guidelines.

Securities / Derivatives

BSP to Start Issuing Debt Securities Next Week

10/09/2020

The BSP’s authority to issue its own debt paper was restored through legislation passed last year. The first auction of BSP securities will take place on 18 September.

AML / KYC

FIA Releases Surveillance and Market Abuse Guidelines

09/09/2020

The guidelines cover requirements relating to monitoring, surveillance systems and the filing of suspicious transaction and order reports under the EU’s Market Abuse Regulation.

Capital / Liquidity

APRA Formalises Updated Guidance on Treatment of Deferred Loans

09/09/2020

Banks need not treat deferred loans as past due or impaired for capital or reporting purposes until after 31 March. New reporting requirements now apply.

Capital / Liquidity

ISDA Chief Urges Continued Work on Initial Margin Implementation

09/09/2020

Phase 5 implementation will be the most demanding phase yet, and firms will need to be ready well in advance to avoid a last-minute compliance bottleneck.

Fintech / Regtech

Mastercard Launches Virtual Testing Environment for CBDCs

09/09/2020

The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.

Enforcement

China Banking Association Publishes New Code of Ethics

09/09/2020

The new Code will establish a system to “blacklist” and “greylist” banking practitioners who violate laws, regulations and discipline, and impose new obligations on senior managers.