AML / KYC

BCBS Sets Out Minimum Expectations for Banks Exposed to Crypto

18/03/2019

The minimum prudential expectations for banks exposed to crypto-assets relate to due diligence, governance and risk management, public disclosure and supervisory dialogue.

Market Infrastructure

Philippines’ RCBC Sues Bangladesh Bank for Defamation

15/03/2019

In the latest twist in the Bangladesh Bank cyber heist saga, Philippine lender Rizal Commercial Banking Corp has filed a defamation suit against Bangladesh’s central bank.

Market Infrastructure

Australian Banks on Track to Meet 2020 Deadline on Staff Pay Reforms

15/03/2019

Policies at banks are on track to be fully consistent with the staff pay reform recommendations well in advance of 2020, says former public service commissioner Stephen Sedgwick.

Market Infrastructure

CPMI-IOSCO Report Progress in PFMI Implementation

15/03/2019

23 of 28 jurisdictions that participate in the CPMI-IOSCO implementation monitoring programme have adopted measures for all financial market infrastructure types, compared to 21 last July.

AML / KYC

Securities Commission Malaysia Issues Show-cause Notice to Goldman

15/03/2019

Malaysia’s securities regulator has reportedly issued a show-cause notice to Goldman Sachs, assumed to be in connection with the multi-billion dollar 1MDB scandal.

Crypto / Digital Assets

Stock Exchange of Thailand to Launch Digital Asset Platform by 2020

15/03/2019

The SET says it will build a comprehensive digital asset ecosystem around the new platform as part of its digitalisation strategy, as the country approves its first ‘ICO portal’.

Enforcement

APRA to Publish Names of Worst Performing Super Funds

15/03/2019

APRA plans to publish the names of Australia’s worst performing superannuation funds in a drive to improve investor outcomes, standards and accountability in the industry.

Securities / Derivatives

CSRC Bars Brokers from Facilitating ‘Shadow’ Margin Financing

14/03/2019

The CSRC is prohibiting brokers from any business that could facilitate informal margin financing, which it has flagged as a potential source of risk.

Market Infrastructure

Climate Change Poses Financial Stability Risk – RBA

14/03/2019

Financial stability could be put at risk from the physical impact of climate change and “an abrupt disorderly transition” to a low-carbon economy.