ESG / Sustainability

Bursa Malaysia Extends Waqf Framework to REITs, ETFs

28/03/2023

Listing rule amendments enhance the post-listing disclosure framework for Islamic REITs and ETFs to provide transparency on the waqf arrangement.

AML / KYC

CFTC Alleges Binance is Operating in the US Illegally

28/03/2023

The CFTC says Binance’s US activities were subject to registration and regulatory requirements but that key executives deliberately disregarded these requirements.

Capital / Liquidity

EU to Cooperate with Australia & NZ on Bank Resolution Planning

28/03/2023

The cooperation arrangements focus on bank resolution planning and its implementation for banks with cross-border operations.

Fintech / Regtech

SFC Consults on Subsidiary Legislation for Paperless Securities

27/03/2023

The subsidiary legislation covers operational and technical matters and the introduction of a more robust regulatory regime for securities registrars.

Market Infrastructure

Australia Hit by New String of Cyber Attacks

27/03/2023

NGS Super, Crown Resorts and Latitude Financial Services have all disclosed this week that they were subject to cyber attacks.

Capital / Liquidity

Bank Exposures to Flood Risk Likely Compounded by Other Risks: RBNZ

27/03/2023

Bank capital ratios are resilient when each flood event is considered in isolation, but flood risk could potentially compound with other risks.

Securities / Derivatives

SFC Waives Annual Licensing Fees for 2023/24 Financial Year

27/03/2023

The annual licensing fees were first waived for the 2020/21 financial year for a one year period, but it has since been extended each year.

Sanctions

OFAC Adds More Belarus Officials to Sanctions List

27/03/2023

The sanctions target Alexander Lukashenko’s presidential aircraft, two major automotive manufacturers, and election officials.

Sanctions

New US Sanctions Target Myanmar Jet Fuel Supplies

27/03/2023

OFAC published an alert explaining the sanctions risks associated with providing jet fuel to Myanmar’s military regime.