AML / KYC

Banks Can Perform Re-KYC Process Remotely, Says RBI

10/01/2023

If there is no change in a customer’s KYC information, only a self-declaration is required to complete the re-KYC process.

ESG / Sustainability

Independent Review Concludes ACCU Scheme is ‘Essentially Sound’

10/01/2023

Australia’s Climate Council said the review “ignores the elephant in the room”, namely that too many major emitters are buying ACCUs so they can “continue to pollute as usual”.

Sanctions

US Sanctions Iranian Executives Over Russia Drone Sales

10/01/2023

Six officers and board members of Qods Aviation Industries were designated over the use of Iranian drones by Russia to attack Ukrainian civilian infrastructure.

Securities / Derivatives

StanChart Completes First China Treasury Bond Futures Trade

10/01/2023

Standard Chartered Bank has become the first foreign bank to complete a transaction in China’s treasury bond futures market.

Market Infrastructure

BaFin Orders Deutsche Börse Entities to Remedy Deficiencies

10/01/2023

Business organisation and risk management deficiencies were identified at Eurex Clearing, Clearstream Banking and Clearstream Holding.

Crypto / Digital Assets

Singapore’s New Crypto Rules Too Restrictive, Says Industry Body

10/01/2023

A blanket ban on providing credit could push retail investors to lend their crypto tokens via unregulated offshore firms.

Crypto / Digital Assets

ECB Seeks Experts to Help Draft CBDC Rulebook

09/01/2023

The Rulebook Development Group will commence work in February 2023, comprising Eurosystem staff and market representatives with relevant experience.

Securities / Derivatives

Dhaka Stock Exchange Launches Alternative Trading Board

09/01/2023

On opening day, green bonds from food and beverage brand Pran Agro Limited and shares in LankaBangla Securities were listed for trading.

Capital / Liquidity

BSP Amends Rules on Single Borrower Limit to Boost Lending

09/01/2023

Banks won’t need approval to exclude credit exposures from the SBL if they are covered by credit risk transfer arrangements such as guarantees or credit derivatives.