AML / KYC

US Imposes New Round of Sanctions Against Russia

03/08/2022

The sanctions target Kremlin-connected elites, including retired Olympic gymnast Alina Kabaeva, who is understood to be Putin’s girlfriend.

Market Infrastructure

Guidance Issued for US Transition to T+1 Securities Settlement

02/08/2022

DTCC, SIFMA  and ICI have published guidance to help market participants prepare for the US transition to a T+1 securities settlement cycle in 2024.

Enforcement

Banks Preparing to Pay Fines for Use of Messaging Apps

02/08/2022

US regulators are expected to announce penalties in the coming weeks over the use of unauthorised messaging apps for business communications.

ESG / Sustainability

Data with Destiny: Bridging Asia’s ESG Information Gap

02/08/2022

While there has been a surge of data disclosure in Asia, the lack of a unified set of rules across the region opens the door for inconsistencies.

AML / KYC

Korea FSS Completes Woori Bank Embezzlement Inspection

02/08/2022

The inspection found that the amount embezzled was more than originally reported, and the Woori had insufficient internal controls in place.

Big Picture

CPMI Explores Options, New Solutions to Increase PvP Adoption

02/08/2022

CPMI received “numerous promising proposals” for new solutions that may be capable of processing FX transactions that currently settle on a non-PvP basis.

Capital / Liquidity

CFTC Proposes Capital Comparability Determination for Japan

02/08/2022

Nonbank swap dealers domiciled in Japan would be able to satisfy certain US capital and financial reporting requirements by complying with comparable requirements in Japan.

US SEC Asks Firms to Detail Russia-Related Exposures – Report

01/08/2022

The SEC sought broad information from companies in May but is now asking for more specifics from some firms, including Citi.

ESG / Sustainability

Singapore to Launch Inaugural Sovereign Green Bond Sale

01/08/2022

Both institutional and retail investors will be able to apply to purchase the bonds, which will be launched via a book-building process this week.