Market Infrastructure

Google Cloud Joins FS-ISAC’s Critical Providers Programme

17/03/2023

The partnership is intended to bolster supply chain security and foster transparency within the financial sector.

AML / KYC

AUSTRAC Accepts Enforceable Undertaking from PayPal

17/03/2023

AUSTRAC says PayPal has cooperated with an enforcement investigation that commenced in December 2020, related to IFTI reporting.

Capital / Liquidity

South Korea to Enhance Banks’ Ability to Absorb Losses

17/03/2023

Regulators intend to introduce a new capital buffer system which will be based on banks’ risk management and stress test results.

ESG / Sustainability

IAIS Issues First of Three Consultations on Climate Risk

17/03/2023

The consultations are aimed at promoting a globally consistent supervisory approach to address climate-related risks in the insurance sector.

Capital / Liquidity

Credit Suisse to Borrow Over $50b from Central Bank Facilities

17/03/2023

The bank will also repurchase some of its senior debt securities as part of efforts to manage its liability composition and optimise interest expense.

Fintech / Regtech

India, UAE To Collaborate on Building CBDC Bridge

16/03/2023

The RBI and CBUAE will conduct PoC and pilots on a bilateral bridge to facilitate cross-border CBDC transactions.

Market Infrastructure

US SEC Proposes New Requirements to Address Cyber Risks

16/03/2023

The proposals will enhance cyber and technology risk management requirements for key entities that underpin the US securities market.

Enforcement

SFC, ICAC Arrest Five More Ramp-and-Dump Syndicate Members

16/03/2023

The arrestees include qualified accountants and senior executives of a number of Hong Kong-listed companies, the SFC and ICAC said.

Enforcement

ASIC Issues Interim Stop Orders on Three BT Funds

16/03/2023

ASIC said the TMDs for three funds were “broadly drafted and failed to define key concepts” and did not meet the “appropriateness requirements” under the DDO regime.