MAS Launches Polytechnic Talent for Finance Scheme

25/04/2023

FIs can tap the scheme to defray the cost of offering internships, apprenticeships and academic sponsorships to polytechnic graduates and students.

ESG / Sustainability

GBA Green Finance Alliance Launches Technology Working Group

25/04/2023

At a meeting hosted by the HKGFA, the Alliance launched a technology working group and unveiled plans to form another working group focused on transition finance.

AML / KYC

OFAC Sanctions Three for Facilitating Lazarus Group Activities

25/04/2023

China-based and Hong Kong-based crypto traders and a North Korean national were sanctioned for laundering illegal proceeds for Lazarus Group.

Sanctions

UK, US, EU Announce Fresh Sanctions Against Iran

24/04/2023

US sanctions four senior Iranian law enforcement and military officials; EU sanctions eight Iranians and telco provider; UK sanctions four IRGC commanders.

Capital / Liquidity

RBNZ Sets Risk Weight for BGF Investments at 250pc

24/04/2023

A 250% risk weight will be introduced for bank investments in the Business Growth Fund, a new fund being introduced to improve SME access to finance.

Capital / Liquidity

US Fed Considers Closing ‘Loophole’ for Midsize Banks

24/04/2023

The Fed is considering removing an exemption that allows midsize banks to avoid disclosing and holding capital against unrealised losses on “available for sale” securities.

Capital / Liquidity

US Regulators Propose Stricter Approach to Supervising Non-banks

24/04/2023

The proposals will make it easier to designate investment managers, insurers and other nonbank financial groups as systemically important.

US Consumer Protection Agency Suffers Data Breach

24/04/2023

A  CFPB employee sent spreadsheets and other documents containing data of over 250,000 consumer accounts to their personal email account.

Securities / Derivatives

Taiwan to Strengthen Supervision on the Use of Robo-Advisers

24/04/2023

The maximum fine for malpractice at securities companies will be raised from TWD 3.6 million currently to TWD 15 million.