AML / KYC

US Treasury Facing 2nd Lawsuit Over Tornado Cash Sanctions

14/10/2022

Think tank Coin Center argues that the Tornado Cash sanctions harm US citizens and their ability to transact privately using the Ethereum network.

Securities / Derivatives

UBS, HSBC Facilitate First QFII Commodity Derivatives Trades in China

14/10/2022

China has recently expanded its QFII programme to include more than 40 commodity futures and options contracts, as well as CFFEX stock options.

Market Infrastructure

RBA Suffers, and Recovers from, Four-Hour Outage

14/10/2022

The outage disrupted real-time and overnight payments routed through the NPP, causing a backlog of transactions which the RBA is working to clear.

Securities / Derivatives

Taiwan FSC Further Tightens Short Selling Rules

14/10/2022

The FSC already tightened its short selling regulations at the beginning of this month to stabilise the local stock market.

ESG / Sustainability

FSB Finalises Guidance on Climate-related Financial Risks

13/10/2022

The guidance covers the collection of data from FIs, supervisory tools such as scenario analysis, and the development of macroprudential tools.

Enforcement

US SEC Probing Funds, Advisers on Staff Messaging Practices

13/10/2022

The SEC’s probe into the use of personal devices and messaging apps has reportedly expanded beyond broker-dealers to include investment funds and advisers.

Crypto / Digital Assets

BNY Mellon Launches Digital Asset Custody Platform

13/10/2022

BNY Mellon is the first systemically important US bank to launch a crypto custody platform, leveraging technology from Fireblocks and Chainalysis.

Securities / Derivatives

US SEC Approves Update to Electronic Recordkeeping Rule

13/10/2022

The amendments add an audit-trail alternative allowing electronic records to be preserved in a way that permits recreation if original records are altered, over-written, or erased.

Fintech / Regtech

IOSCO Offers Guidance on Curbing Online Misconduct

13/10/2022

IOSCO’s new report offers recommendations to address risks from online marketing and distribution of financial products targeting retail investors.