Taiwan Proposes Rule Changes to Ease Foreign Bank Access

12/09/2023

Banks ranked in the global top 50 would be subject to looser restrictions for setting up financial asset management units in Taiwan.

Securities / Derivatives

Singapore Exchange Reorganises Capital Markets Business Units

12/09/2023

The debt capital market and corporate client coverage units have been folded into SGX’s equity capital markets division.

Capital / Liquidity

BCBS Completes Stocktake of Lessons from March Banking Turmoil

12/09/2023

The BCBS will prioritise work to strengthen supervisory effectiveness and analyse whether specific Basel III features performed as intended.

China Tightens Approval Process for Large USD Purchases

12/09/2023

Companies seeking to purchase $50mn or more in dollars will now need approval from the PBOC, which is trying to stabilise the yuan.

China Establishes Communication Platform for Belt-and-Road Regulators

12/09/2023

The new communication platform was developed to enhance cross-border regulatory cooperation between countries participating in the “Belt and Road” initiative.

Fintech / Regtech

BIS, CBUAE Jointly Launch Sustainable Finance TechSprint

12/09/2023

The Techsprint is developed by CBUAE, alongside the COP28 Presidency, the Emirates Institute of Finance and the BIS.

Capital / Liquidity

APRA to Amend Counterparty Credit Risk Reporting Standard

11/09/2023

The amendments will remove the applicability of ARS 180.0 to non-significant financial institutions as they are smaller and less complex.

Sanctions

FinCEN Sheds Light on Cases of Export Control Evasion

11/09/2023

SAR filings reveal that a network of China- and Hong Kong-based entities may be providing support to Russia’s military and/or defense industrial base.

Sanctions

EU Issues New Guidance on Preventing Sanctions Circumvention

11/09/2023

If sanctioned items are exported to third countries and then re-exported to Russia, the underlying due diligence inadequacies will be considered sanctions law violations.