Big Picture

Banks Showing Lowest Operational Risk Losses in Years: ORX

08/08/2023

While 2022 gross operational risk losses were the lowest since 2017, an increase in fraud is driving up annual loss frequency, ORX says.

Sanctions

OFAC Halts $26m in Funds Tied to Indian Diamond Traders

08/08/2023

OFAC reportedly suspects fund transfers were made to diamond suppliers with links to Russian miners and sanctioned bodies.

ESG / Sustainability

Taiwan Inaugurates Carbon Exchange, Targeting Net Zero by 2050

08/08/2023

The Kaohsiung-based carbon exchange will initially offer consultation services. Trading will start in the first half of next year.

Securities / Derivatives

China, Saudi Arabia In Early Talks to Develop ETF Connect – Report

08/08/2023

China has rolled out several ETF Connect projects. The link with Saudi Stock Exchange would be its first beyond East Asia.

Uncategorised

SEBI Offers Clarifications on Investment Advisor Rules

08/08/2023

Those offering investment advice solely to overseas persons are not subject to the rules. Registered investment advisors can provide advice to FPIs.

Crypto / Digital Assets

Australia Expected to Consult on Crypto Rules Within Weeks – Report

08/08/2023

The rules are expected to cover crypto custody and licensing for exchanges, as well as obligations for crypto firms to protect customer funds.

ESG / Sustainability

Hong Kong to Develop Roadmap for ISSB Standards Adoption

08/08/2023

A special working group will be established to work on the roadmap and make recommendations to the Green and Sustainable Finance Cross-Agency Steering Group.

AML / KYC

CBA Imposes Monthly Limit on Transfers to Crypto Exchanges

08/08/2023

Transfers to crypto exchanges beyond A$10,000 will be declined. In some cases, certain payments to crypto exchanges will be held for up to 24 hours, regardless of the amount.

Fintech / Regtech

MAS Earmarks S$150m to Propel Innovation in Financial Sector

08/08/2023

MAS earmarked SGD 150 million for financial tech advancements, aiming to foster innovation and support the evolving fintech ecosystem.