AML / KYC

Former Malaysian PM Muhyiddin Charged With Corruption

13/03/2023

Former prime minister Muhyiddin Yassin was charged with four counts of abuse of power and three counts of money laundering.

Enforcement

Australian Court Fines ANZ Over Introducer Programme

13/03/2023

ANZ received sensitive information or documents about borrowers from unlicenced third parties through its introducer programme.

Securities / Derivatives

Australia to Commence Review of Managed Investment Schemes

13/03/2023

The review will consider enhancements to the MIS framework to identify gaps and reduce undue financial risk for investors.

Market Infrastructure

HK to Amend Clearing Rules to Account for IBOR Reforms

13/03/2023

Mandatory clearing will be required for certain OTC transactions referencing ARRs rather than for those referencing IBORs that are being discontinued.

Crypto / Digital Assets

FSB’s Eva Hupkes Discusses Crypto, Stablecoin and DeFi Regulation

13/03/2023

The FSB’s Eva Hupkes discusses the work underway to bring about globally harmonised regulatory frameworks for crypto assets, stablecoins, and DeFi.

Korea FSC to Further Enhance Interest Rate Disclosures by Banks

12/03/2023

Banks will be required to disclose their interest rates based on their balance of lending and deposits, which will show the profitability of each bank.

Market Infrastructure

CSRC Finalises New Cybersecurity Rules for Securities, Futures Industry

12/03/2023

The rules include requirements relating to stress testing, data backups, emergency response measures, and management of third-party suppliers.

Market Infrastructure

CFTC to Develop Stronger Rules to Address Cyber Risk

12/03/2023

The CFTC is seeking to require derivatives dealers to exercise more due diligence and oversight of the third-party service providers.

Market Infrastructure

RBI Calls for Fair Pricing, Transparency in FX Market

11/03/2023

The RBI has urged banks and FEDAI to ensure fair and transparent pricing for MSMEs and retail customers in the FX market.