Capital / Liquidity

UK Releases Policy Statement on Basel III Implementation

13/12/2023

The statement covers the standards for market risk, CVA risk, counterparty credit risk, and operational risk. A second release in Q2 2024 will cover the remaining elements.

AML / KYC

AUSTRAC Announces Regulatory Priorities for 2024

13/12/2023

AUSTRAC will scrutinise the banking, gambling and remittance sectors, as well as crypto firms, payment platforms and non-bank lenders.

Securities / Derivatives

CSRC Grants StanChart Approval to Operate Securities Business

13/12/2023

Standard Chartered Securities (China) is authorised to conduct securities brokerage, securities dealing, securities underwriting, and securities asset management business.

Crypto / Digital Assets

NYAG Announces $22m Settlement With Crypto Firm KuCoin

13/12/2023

KuCoin is required to refund more than USD 16.7 million to New York investors and pay more than USD 5.3 million to the state.

Capital / Liquidity

BCBS Consults on Targeted Adjustments to IRRBB Standard

13/12/2023

The BCBS proposes adjustments to the calibration of the interest rate shocks in the IRRBB standard and the methodology used to calculate the shocks.

ESG / Sustainability

Climate Action Data Trust Launches Public Dashboard

13/12/2023

The dashboard incorporates datasets from Verra, Global Carbon Council, EcoRegistry, BioCarbon Registry, the UNFCCC’s Clean Development Mechanism, and Bhutan’s national registry.

AML / KYC

Korea Seeking Expanded Powers to Freeze Bank Accounts

13/12/2023

Authorities can already freeze accounts linked to voice phishing scams. Prosecutors are looking to expand this to target gambling and drug crime.

Crypto / Digital Assets

Taiwan FSC to Form New Financial Technology Bureau

13/12/2023

The new bureau, operating alongside the FSC’s four other bureaus, will be charged with regulating and supervising the crypto sector.

AML / KYC

CSRC Proposes Tougher Rules for Private Investment Funds

12/12/2023

Qualified investors in PE and VC funds would have to invest at least CNY 3 million, three times the current threshold.