Anti-Bribery & Corruption

Glencore Facing Investor Lawsuits Following Bribery Conviction

14/10/2022

Sovereign wealth funds from the UAE, Kuwait and Norway, along with Abrdn, HSBC, Standard Life and others are among the claimants.

Credit Risk

Taiwan Allows Insurers to Reclassify Assets Using IFRS 9

14/10/2022

Reclassification of assets under IFRS 9 will enable insurers to mitigate the effects of rate hikes on their financial ratios.

Trading & Investment

CME Confirms 14 April 2023 for Conversion of Eurodollar F&O

14/10/2022

CME will amend its eurodollar futures and options fallback rules to set the conversion date to 14 April 2023.

Anti-Money Laundering

Switzerland to Commence Work on Creating UBO Register

14/10/2022

A bill will be drafted by mid 2023 to create a central beneficial ownership register that will be accessible to authorities.

PEPs & Sanctions

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.

Trading & Investment

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.

Payments & Settlements

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.

Trading & Investment

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.

Climate Risk

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.