Capital / Liquidity

HKMA Proposes Changes to Approach for Setting CCyB

14/11/2022

The HKMA proposes to maintain a Positive Neutral CCyB of 1 percent even when its primary indicators maybe signal a lower applicable CCyB.

Crypto / Digital Assets

BISIH to Tackle Key CBDC Challenges with Project Tourbillon

14/11/2022

Project Tourbillon aims to reconcile trade-offs between cyber resiliency, scalability, and privacy through experimentation with a prototype CBDC.

ESG / Sustainability

UK Think Tank Accuses Singapore’s Sembcorp of Greenwashing

14/11/2022

The allegations relate to Sembcorp’s sale of its India coal business while still retaining “substantial liabilities” and “operational influence”.

AML / KYC

UK OFSI Has Frozen Over $21b of Russian Linked Assets

13/11/2022

Russia has overtaken Libya and Iran to become the UK’s most-sanctioned nation, the OFSI said in its annual review.

Capital / Liquidity

Korean Commercial Paper Markets Still Under Stress

13/11/2022

New measures announced include more active liquidity support from banks and additional purchasing support from KDB and KODIT.

Securities / Derivatives

APRA Proposes Measures to Improve Super Fund Transfer Process

13/11/2022

The measures are proposed in response to the erosion of member benefits that occurs when successor fund transfers are carried out.

Capital / Liquidity

China Revises Rules for Insurance Industry Bailout Fund

13/11/2022

The rules adjust how contributions to the fund are calculated, so that they reflect each insurance company’s risk level.

AML / KYC

ACCC Calls for Laws Requiring Digital Platforms to Stop Scams

13/11/2022

The ACCC says consumer and competition harms across a range of digital platform services are “widespread, entrenched, and systemic”.

Enforcement

Bursa Malaysia Issues Public Reprimand Over Sponsor Failures

13/11/2022

TA Securities did not assess the internal controls and risk management systems of the listing applicant and falsely represented that it had.