AML / KYC

EU Lawmakers Agree New AML/CFT Rules

29/03/2023

Members of the European Parliament approved draft AML/CFT legislation, including plans for the new Anti-Money Laundering Authority.

Securities / Derivatives

CSRC Proposes to Update Rules for Futures Companies

28/03/2023

Futures companies will be allowed to expand their business scope to areas like consulting, market-making, proprietary trading and asset management.

Australia Won’t Force Banks to Reimburse Scam Losses

28/03/2023

Minister Stephen Jones reportedly said compensation for scams should only be required if banks have not met consumer protection standards.

Capital / Liquidity

APRA Stress Tests Reveal Banking System Strength

28/03/2023

APRA chairman John Lonsdale shared findings from its latest banking stress test and reviews on cyber preparedness and resilience.

UK Launches Review of Whistleblowing Framework

28/03/2023

The review will assess whether the whistleblowing framework is operating effectively, meeting its original objectives, and adequately protecting whistleblowers.

Alibaba to Split Into Six Independent Business Units

28/03/2023

Under a holding company structure, each unit will have its own board of directors, operate with autonomy, and raise funds independently including through spin-offs and IPOs.

ESG / Sustainability

Assurance Standards for Sustainability Reporting On Their Way

28/03/2023

IOSCO calls on issuers, assurance providers and other stakeholders to engage in the development of assurance and ethics standards for sustainability reporting.

ESG / Sustainability

AFMA Updates Environmental Products Conventions

28/03/2023

AFMA revised its environmental products conventions to align with other conventions and clarify their non-mandatory nature.

Crypto / Digital Assets

Mainland Banks Offer Services to Hong Kong Crypto Firms

28/03/2023

Mainland Chinese banks have reportedly started offering banking services to crypto firms in Hong Kong, which is seeking to become a major digital assets hub.