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.

NAFMII Issues Directions on Quotation Practices of Currency Brokers

11/09/2023

The notice seeks to standardise currency broker quotations and refine data presentation methods within the interbank market.

Fintech / Regtech

HKMA, PBOC Enter Next Phase of e-CNY Technical Testing

11/09/2023

Hong Kong is expanding its technical testing to include more banks and testing the digital yuan wallet’s top-up function through FPS.