Market Infrastructure

ASX Consults on Fallbacks for 90 Day Bank Bill Futures

15/06/2022

ASX says the inclusion of fallback provisions in contractual documentation will provide contractual and risk management certainty.

Market Infrastructure

Philippines Launches New Framework for Managing Crises

15/06/2022

The SRCM framework sets out how the FSCC should intervene in the event of a potential systemic risk that could negatively affect the macroeconomy.

Capital / Liquidity

APRA Finalises Framework for Limiting Risky Mortgage Lending

15/06/2022

Lenders must ensure they are operationally ready by September to implement loan limits based on DTI multiples or LTV ratios.

AML / KYC

FATF Joins UN Counter-Terrorism Coordination Compact

14/06/2022

Cooperation between the FATF and United Nations will strengthen their ability to go after the money that funds terrorist groups, said Marcus Pleyer.

AML / KYC

Russia Launches Blockchain-Based Alternative to SWIFT

14/06/2022

Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.

MAS, IFC, UNDP Launch Global MSME Empowerment Programme

14/06/2022

The programme will seek to help MSMEs build financial literacy and digital skillsets, address financing gaps and improve financial inclusion.

ESG / Sustainability

US SEC Probes Goldman Sachs for Suspected Greenwashing

14/06/2022

The SEC is reportedly investigating whether disclosures made to clients accurately described the investment practices used by two Goldman funds.

Enforcement

UK FCA Places Credit Suisse on Regulatory Watchlist

14/06/2022

Credit Suisse was added to the FCA’s watchlist due to concerns that it was not doing enough to improve its culture, governance and risk controls.

AML / KYC

FATF Re-rates UK for Progress on Correspondent Banking

14/06/2022

The FATF also commends the UK for progress made to expand its FIU’s ability to conduct operational analysis.