Capital / Liquidity

China Drafts Revised Capital Management Rules for Banks

20/02/2023

The new rules propose to classify banks into three categories based on their business scale and risk levels and treat them differently based on their classification.

ESG / Sustainability

Korean Draft Law to Introduce Fines for Greenwashing

20/02/2023

The Ministry of Environment will fine companies up to KRW 3 million for misleading or false sustainability claims.

Securities / Derivatives

RBI Issues Draft Guidelines on Market Risk Capital Requirements

20/02/2023

The draft guidelines are open for comment until 15 April 2023. The RBI intends for the guidelines to come into effect from 1 April 2024.

Securities / Derivatives

Industry Bodies Open Common Domain Model on FINOS Platform

20/02/2023

The open-source CDM is now fully integrated into the FINOS project landscape, which will open up opportunities for open collaboration between market participants.

Securities / Derivatives

Marketnode, NowCM Join Forces to Digitalise APAC Debt Markets

20/02/2023

SGX’s Lee Beng Hong said the new digital service will enhance bond issuance efficiency and streamline processes for dealing with regulators, lawyers and listing agents.

Crypto / Digital Assets

GBBC Digital Finance Joins IOSCO as Affiliate Member

20/02/2023

GBBC Digital Finance will this year prioritising work to construct a DeFi education and engagement platform.

Capital / Liquidity

FSB Calls for Research on Post-GFC Securitisation Reforms

20/02/2023

The FSB is seeking academic papers that examine the extent to which securitisation operates on a sound and sustainable basis and provides appropriate alignment of incentives.

Crypto / Digital Assets

Russia to Launch CBDC Consumer Pilot in April With 13 Banks

20/02/2023

The 13 participating banks have “passed all tests” to confirm their technical readiness to start the pilot with a limited number of clients.

AML / KYC

AUSTRAC Signs Anti-Financial Crime MoUs with UK FCA, HMRC

20/02/2023

The MoUs will support improved supervisory practices and tools, and facilitate enhanced monitoring of businesses operating across the UK and Australia.