PEPs & Sanctions

Switzerland Expands Sanctions Against Russia

10/07/2024

The targets align with the EU’s 14th package, but measures targeting the energy, financial and goods sectors are still being examined.

Anti-Money Laundering

Singapore to Develop Standards for SoW Checks by Banks

10/07/2024

MAS has reportedly formed a group that will work to develop standards for account opening and source of wealth checks by year-end.

Trading & Investment

GFEX Unveils Plans to Introduce Platinum, Palladium Futures

10/07/2024

Guangzhou Futures Exchange’s new contracts will provide mechanisms for price discovery and hedging for platinum and palladium.

Operational Risk

BCBS Consults on Principles for Managing Third-Party Risk

10/07/2024

The BCBS offers 12 high-level principles on the effective management and supervision of risks arising from third-party arrangements.

Clearing & Post-Trade

Japan, Canadian Regulators Sign MoC on CCP Supervision

10/07/2024

The MoC will enhance cooperation in the supervision of cross-border clearing agencies operating as CCPs in Ontario and Japan.

AI Risk & Governance

BIS to Explore Approaches for Monitoring Supply Chain Shocks

10/07/2024

BIS will use granular data, analytics and AI to improve monitoring of global supply chains and better assess their economic and financial impacts.

Trading & Investment

Taiwan Set to Shorten Auction Interval for Odd-Lot Trading

09/07/2024

The auction interval for odd-lot trading will be reduced from one minute to five seconds, effective from 2 December 2024.

Structural Regulation

BNM Finalises Licensing Framework for Digital Insurers

09/07/2024

BNM will no longer limit the number of licences to five. Applications will be accepted throughout 2025 and 2026.

Fraud, Scams & Cybercrime

Singapore Banks to Phase Out Use of OTPs for Account Login

09/07/2024

MAS and ABS said the phase-out of OTPs will make it harder for scammers to fraudulently access customer accounts and funds.