AML / KYC

Western Allies Sanction Iran Over Protest Handling, Drone Sales

18/11/2022

The EU, UK, US and Canada imposed sanctions over the use of use of force against peaceful protestors and the sale of drones to Russia.

Fintech / Regtech

FSB Defines KPIs for Enhancing Cross-Border Payments

18/11/2022

The KPIs will help to measure progress towards achieving quantitative global targets for enhancing cross-border payments, the FSB said.

Market Infrastructure

FSC Korea to Allow Brokers to Launch ATS Platforms for Securities

18/11/2022

The introduction of alternative trading systems will increase competition, boost trading activity, reduce costs for investors, and improve market efficiency.

Enforcement

Singapore Charges Former Hyflux Execs for Disclosure Failures

18/11/2022

A joint investigation by the CAD, MAS and ACRA found lapses in Hyflux’s disclosures and non-compliance with accounting standards.

ESG / Sustainability

UAE State Fund Acquires Stake in AirCarbon Exchange

17/11/2022

The investment will help AirCarbon Exchange establish a regulated carbon trading exchange and clearinghouse in Abu Dhabi.

AML / KYC

USCC Calls for Formation of China Sanctions Planning Committee

17/11/2022

Congressional advisory body USCC says a new committee should be formed to develop options to respond to possible hostile action by China against Taiwan.

Fintech / Regtech

HKMA Revises Guidance on Accessing CCRA Database via CDI

17/11/2022

Banks can access commercial credit reference agencies via the CDI to automate credit approval processes, reduce manual handling, and enhance operational efficiency.

Enforcement

FSS Instructs BNK Kyongnam Bank to Compensate Lime Investors

17/11/2022

The FSS determined that BNK Kyongnam Bank should provide 65 to 75 percent compensation to two investors affected by the collapse of Lime Asset Management.

Big Picture

“No Simple Fix” for Corporate Bond Liquidity Issues: IOSCO

17/11/2022

IOSCO published feedback received from a review of ways to improve the functioning of and liquidity in corporate bond markets under stress.