China Tightens Rules on Qualifications of Bank Executives

29/04/2025

Warnings, public reprimands, or fines will result in a one-year restriction on promotions or new appointments to higher positions.

Crypto / Digital Assets

Japan Adds 30 More Jurisdictions to Scope of Travel Rule Requirements

29/04/2025

There were already 28 jurisdictions named after an update in January 2024. The FSA proposes to add 30 more jurisdictions, which are mostly EU nations.

Fintech / Regtech

Central Banks Face Challenges in Managing AI Capability Gaps

27/04/2025

New BIS bulletin highlights the limited supply of talent with the right mix of AI skills and central banking expertise.

AML / KYC

KOFIU Announces AML Penalties Against Six Firms Including NH Futures

27/04/2025

NH Futures violated its EDD obligations, while a casino operator and four credit cooperatives didn’t report high-value cash transactions on time.

Enforcement

Former China Development Bank Official Sentenced to Jail

27/04/2025

The court said Li Jiping used various positions with CDB over 20 years to assist others in obtaining loans and project contracts, receiving bribes in return.

Fintech / Regtech

Sri Lanka to Adopt XBRL for Reporting by Listed Companies

26/04/2025

The Colombo Stock Exchange said it will adopt a phased approach for implementation, starting with interim financial statements in early 2026.

CSRC Issues Revised Regulations for its Dispatched Agencies

24/04/2025

The revised regulations place stronger emphasis on network and information security, and give CSRC’s dispatched agencies greater authority in their jurisdictions.

Capital / Liquidity

Korean Banks Seek to Defer Implementation of New Stress Buffer Rules

23/04/2025

In March, corporate lending decreased for the first time in 20 years. The new stress buffer capital requirement will make it more difficult for banks to provide loans to businesses.

Thailand Announces Measures to Support Firms Impacted by US Tariffs

23/04/2025

The support will include debt repayment extensions, liquidity assistance, and reduced interest rates for businesses affected by the tariffs.