Sustainable Finance

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.

Credit Risk

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.

PEPs & 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.

PEPs & 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.

Market Data & Technology

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.

CBDCs

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.

Capital Adequacy

China Eases Stock Market Investment Rules for Insurers

11/09/2023

The rule changes are aimed at guiding insurers to support the development of the capital market as well as technology innovation.

PEPs & Sanctions

HSBC to Halt Russia, Belarus Payments for Corporate Clients – Reports

11/09/2023

HSBC reportedly told customers that the sanctions and trade restrictions imposed on Russia and Belarus have made it “increasingly challenging” to operate.

Liquidity Risk

RBI Announces Decision to Discontinue I-CRR Requirement

11/09/2023

25% of the I-CRR was released on Saturday. Another 25 percent will be released on 23 September. The remaining 50 percent will be released on 7 October.