Market Infrastructure

EU Commission Proposes New Rules on Clearing, Listing

11/12/2022

EU market participants will have to hold “active accounts” at EU CCPs for clearing certain systemic derivatives. Dual class shares will be introduced.

Hong Kong Unveils Insurance Sector Development Roadmap

11/12/2022

The roadmap includes plans to explore ways to connect Mainland and Hong Kong insurance markets and introduce a new policyholders’ protection scheme.

AML / KYC

Luxembourg Restores Partial Access to Beneficial Owners Register

10/12/2022

Access is being reinstated for journalists and certain professionals that require beneficial ownership information for AML/CFT.

Securities / Derivatives

RBI Tightens Rules on Loan Securitisations

10/12/2022

Local market participants say the move will reduce the volume of tradable securities available in the market, but improve the quality of securitisations.

Securities / Derivatives

CSRC Authorises Fidelity to Operate Onshore Mutual Funds Business

10/12/2022

Fidelity International’s approval comes after similar approvals were granted to Neuberger Berman, Manulife Financial Corp and BlackRock.

Crypto / Digital Assets

US Probes FTX Founder for Suspected Terra Manipulation

09/12/2022

Prosecutors are reportedly looking into whether Sam Bankman-Fried manipulated the prices of TerraUSD and Luna to benefit entities he controlled.

AML / KYC

AUSTRAC Issues Guidance to Help Customers Without Standard IDs

09/12/2022

The guidance will help FIs develop alternative customer identification and verification procedures to help customers that are unable to meet standard ID requirements.

ESG / Sustainability

Malaysia JC3 to Prioritise Work on Climate & Environmental Data

09/12/2022

The JC3 will work with data providers in 2023 to improve data accessibility, quality, comparability and consistency; and develop strategies to substantially reduce data gaps.

ESG / Sustainability

BCBS Issues Guidance on Capturing Climate Risks in Pillar 1 Standards

09/12/2022

The FAQs cover RWA calculations for credit risk, operational risk, and market risk, as well as considerations for meeting LCR requirements.