AML / KYC

Taiwan FSC to Develop Regulatory Guidelines for Crypto Industry

31/03/2023

The guidelines will cover information disclosures, product listings, customer asset segregation, money laundering prevention, consumer protection, and information security, among other areas.

Market Infrastructure

Rules Proposed to Adopt T+1 in US Muni Bond Market

31/03/2023

US equities and corporate bond markets will move to T+1 on 28 May 2024. The same implementation date is proposed for municipal securities.

AML / KYC

Kuwait Court Sentences Defendants in 1MDB Case

31/03/2023

The son of a former prime minister was sentenced to 10 years in jail. Malaysia financier Jho Low was also sentenced in absentia.

Enforcement

Bankman-Fried Enters Not Guilty Plea to Revised Indictment

31/03/2023

Bankman-Fried previously pleaded not guilty to eight charges. Four charges were added last month and a bribery charge earlier this week.

Capital / Liquidity

NobleOak Life Breached Capital Requirements, Says APRA

31/03/2023

APRA said breaches are being remediated and are not connected to any recent financial market movements or developments.

ESG / Sustainability

Taiwan to Require Listed Companies to Have Female Directors

31/03/2023

The requirement to appoint female directors is part of efforts to improve corporate governance culture among listed companies in Taiwan.

Fintech / Regtech

Mizuho, LINE Scrap Plans to Launch New Digital Bank

31/03/2023

The plan was to make banking services available on LINE’s popular smartphone app, but the project is now being abandoned.

ESG / Sustainability

UK Consults on Regulatory Regime for ESG Ratings

31/03/2023

The consultation proposes to introduce legislation to amend and expand the FCA’s regulatory perimeter to include ESG ratings.

Fintech / Regtech

MAS Says Latest Outage at DBS is “Unacceptable”

30/03/2023

Singapore customers of DBS were unable to access online banking services or make trades via its brokerage for around ten hours on Wednesday.