Anti-Money Laundering

Malaysia Files Criminal Charges Against 17 Goldman Directors

12/08/2019

The current and former directors each face 1MDB-related charges carrying a maximum 10-year jail term and a minimum penalty of 1 million ringgit.

Anti-Bribery & Corruption

Another Former Huarong Executive Charged with Corruption

12/08/2019

The former chairman of Huarong Investment Stock Corp, Qin Ling, stands accused of using his position to seek benefits for others, accepting bribes, and embezzlement.

Trading & Investment

ISDA Consultation on LIBOR Pre-Cessation Reveals Mixed Results

12/08/2019

ISDA received responses from 89 entities expressing a “wide variety of views” on whether and how to implement a pre-cessation trigger, with no clear majority for any approach.

Trading & Investment

RBI Task Force Suggests Enhancements to Onshore Rupee Market

10/08/2019

The task force recommends implementation of margin requirements for non-centrally cleared OTC derivatives “at the earliest”.

Fraud, Scams & Cybercrime

Australia Records Decline in Payment Fraud Rates

09/08/2019

AusPayNet’s latest data shows a decline in the overall rate of card fraud for 2018, alongside slower growth in online fraud.

Credit Risk

RBI Cuts Consumer Credit Risk Weight, Offers Boost to NBFCs

09/08/2019

The RBI will increase bank exposure limits for NBFCs, allow on-lending to priority sectors, and enable near-real-time tracking of payments fraud through the creation of a centralised registry.

Operational Risk

CSRC Imposes Six-Month Business Restriction on GF Securities

09/08/2019

The CSRC cited risk management and control deficiencies as reasons for the restrictions, after a hedge fund set up by the broker reported losses of $139mn for 2018.

Clearing & Post-Trade

ISDA Begins Review of Post-trade Services

09/08/2019

ISDA is conducting targeted surveys to identify opportunities for greater automation, reduced operational risk and lower costs in post-trade services.

Market Risk

S. Korea Announces Adjusted Schedule for Initial Margin Rules

09/08/2019

Korea has adjusted its domestic implementation schedule for the incoming requirements, taking into account the one-year phased extension announced by BCBS and IOSCO in July.