HSBC to Sell Canadian Unit to RBC for $10b

30/11/2022

The deal is expected to complete in late 2023. HSBC said its group strategy remains unchanged.

Crypto / Digital Assets

More Than 500 Banks Have Now Adopted ‘Swift Go’

30/11/2022

Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.

AML / KYC

GLEIF Enables LEI Mapping for S&P Global Company IDs

30/11/2022

GLEIF already provides ISIN-LEI, BIC-LEI and MIC-LEI mapping certification, and has been encouraging data vendors to map their identifiers to the LEI.

Securities / Derivatives

Korea to Limit Cross-shareholdings by Insurers in Affiliates

30/11/2022

Proposed bill targets Samsung Life Insurance, which controls a significant portion of the issued shares in Samsung Electronics.

Crypto / Digital Assets

Lawmakers Propose Bill to Prevent FTX-Style Collapse in Korea

30/11/2022

The bill, if passed, will require crypto exchanges to segregate users’ assets, buy insurance against hacking, and compensate users for unexpected withdrawal halts.

Capital / Liquidity

PBOC Calls on Chinese D-SIBs to Improve TLAC

30/11/2022

The G-SIBs are encouraged to improve their TLAC internal planning and management mechanisms and issue TLAC non-capital bonds in offshore markets.

Fintech / Regtech

Experian Appointed Bureau Operator for Singapore BNPL Industry

30/11/2022

Experian will facilitate creditworthiness checks for consumers using credit information submitted by all accredited BNPL players in Singapore.

AML / KYC

FATF Re-rates China on Two More Recommendations

30/11/2022

China was re-rated for progress made in the implementation of PF-related targeted financial sanctions and on beneficial ownership transparency.

Market Infrastructure

CPMI, IOSCO Identify Cyber Resilience Weaknesses at Some FMIs

30/11/2022

Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.