Capital / Liquidity

Korea, US Agree to Cooperate to Stabilise Currency Markets

19/07/2022

Korean and US officials have not explicitly agreed to reopen a currency swap line which expired at the end of last year.

AML / KYC

PBOC Beijing Penalises Didi Pay for AML Violations

19/07/2022

The violations included failure to confirm the real identities of users, conduct checks on unusual transactions, and report major risks in a timely manner.

Securities / Derivatives

CSRC Green Lights Launch of New Derivatives on CFFEX

19/07/2022

Futures and options contracts based on China’s small-cap CSI 1000 Index will commence trading on Friday, 22 July.

AML / KYC

New Zealand Court Dismisses Appeal of First AML Act Convictions

19/07/2022

Jiaxin Finance, its sole director and his mother were sentenced to pay fines for AML/CFT violations in 2020. Their appeals have been dismissed.

Securities / Derivatives

LME Delays New Reporting Requirements to 5 September

19/07/2022

Market participants expressed concerns regarding their ability to ensure data is properly and accurately reported by the implementation date, earlier set for 18 July.

AML / KYC

Scam Loss Sharing Framework Will Take Longer to Develop: MAS

19/07/2022

Developing the new framework is taking longer than expected due to the complexity of the issues involved and the importance of ensuring the framework has the correct incentives.

Market Infrastructure

BSP Designates Two “Prominently Important” Payment Systems

18/07/2022

The designation of PESONet and InstaPay as Prominently Important Payment Systems will mean they are subject to closer BSP supervision and monitoring.

AML / KYC

BSP Issues Guidance on Conducting AML/CFT Risk Assessments

18/07/2022

The findings from institutional risk assessments should be used to enhance AML/CFT/CPF/sanctions compliance programmes and made available to the BSP during examinations.

Fintech / Regtech

HKMA, Banks, Bloomberg Launch Fintech Talent Initiative

18/07/2022

The partners include the HKMA, FSDC, Bloomberg, Ant Group, Bank of America, BOCHK, Citi, Credit Suisse, DBS, Goldman, HKEX, HSBC, JP Morgan, and others.