Anti-Bribery & Corruption

China Proposes Criminal Law Amendments Targeting Corruption

28/07/2023

The penalties for corruption offences are strengthened and now also apply to corruption-related crimes committed by insiders of private enterprises.

Liquidity Risk

BOK Enhances Standing Lending Facility to Mitigate Run Risk

28/07/2023

BOK is lowering the rates charged to use the lending facility and expanding the types of collateral it accepts.

Capital Adequacy

Canada: OFSI Consults on Capital Rules for Crypto Exposures

28/07/2023

Two guidelines are proposed, one for federally regulated deposit-taking institutions, the other is for insurers.

Emerging Prudential Risks

FSB Spotlights NBFI Risks, Focusing on Liquidity Mismatch, Leverage

28/07/2023

FSB’s John Schindler outlined the steps being taken to address liquidity mismatches and leverage risk within the NBFI sector.

Supervision & Enforcement

BNP Paribas Braces for Fine Over Unauthorised Messaging Usage

28/07/2023

BNP Paribas said in its mid-year earnings report that it expects a fine from the CFTC and SEC.

Payments & Settlements

NZ Regulators Demand Progress on Real-Time Payment System

27/07/2023

RBNZ and the Council of Financial Regulators criticised Payments NZ’s slow progress towards a real-time payment system.

KYC & CDD

SEBI Mandates LEI for All Non-Individual FPIs

27/07/2023

SEBI is requiring foreign portfolio investors to include their LEI in registration and account opening forms.

Structural Regulation

Monitoring Group Progresses Work to Enhance Standard-Setting System

27/07/2023

Monitoring Group comments on key advances in enhancing standards on international audit, assurance, ethics, and independence.

Climate Risk

Climate-related Litigation More Than Doubles in Five Years

27/07/2023

Approximately 2,180 climate-related lawsuits were filed in 2022, compared to just 884 cases recorded in 2017.