Enforcement

APRA Imposes Capital Charge on Pacific International Insurance

01/11/2024

APRA said it found oversight and control deficiencies in the insurer’s binder holder business and risk management framework.

Capital / Liquidity

PBOC Injects $70b into Banking System With New Policy Tool

01/11/2024

The new policy tool, launched earlier this week, allows the PBOC to inject liquidity with a longer term than the existing seven-day reverse repo.

Securities / Derivatives

Thailand: SEC, SET Sign MoU to Enhance Supervisory Cooperation

31/10/2024

The SEC and SET will collaborate on supervision, market monitoring, enforcement of laws, and issuing regulations.

Securities / Derivatives

RBI Updates Requirements for CCPs on Governance Arrangements

31/10/2024

The new directions for CCPs increase reliance on independent directors and raise the obligations of board-level technical committees.

AML / KYC

FATF Upgrades South Korea on R.8 in New Follow-up Report

31/10/2024

The report says Korea has addressed several deficiencies in its AML/CFT framework that will help prevent the abuse of NPOs.

Sanctions

Australia Completes Review of Autonomous Sanctions Framework

31/10/2024

Most submissions to the review supported proposals to streamline the legal framework, improve the permit application process, and legislate a humanitarian exemption.

Securities / Derivatives

HKEX to Allow Market Makers in Opening, Closing Sessions

31/10/2024

Market makers will be able to participate in the pre-opening and closing auction sessions for ETFs and leveraged and inverse products starting 1 November.

Sanctions

UK, EU, Canada Announce New Sanctions Targeting Myanmar Military

31/10/2024

The sanctions target those supplying aviation fuel to Myanmar’s military in response to airstrikes against civilians, as well as scam operations in the country.

Big Picture

ICMA Publishes Guide to Australian Repo Markets

31/10/2024

The Australian repo market has growth 75% from 2021 to mid-2024, driven by increased market participants, wider collateral use, and more active dealer trading.