Crypto / Digital Assets

FSB Plenary Highlights Continued Financial Stability Concerns

03/07/2022

The FSB expressed concerns over the outlook for financial stability, volatility in commodity markets, and strains in crypto-asset markets.

Enforcement

SEBI Fines NSE, Officials, Brokers in Colocation Case

02/07/2022

SEBI fined the NSE, five officials, Sampark Infotainment, two brokerage firms and nine other individuals connected to the case.

ESG / Sustainability

SC Malaysia Launches New Framework for SRI-Linked Sukuk

02/07/2022

Issuers can use SRI-linked sukuk proceeds for general purpose, subject to their commitments to future improvements for sustainability outcomes within a predefined timeline.

Capital / Liquidity

APRA Concludes Post Implementation Review of LCR, NSFR

02/07/2022

The LCR and NSFR are operating effectively, but there are potential improvements that could be made to improve efficiency, APRA says.

BNM Issues New Rules for Banks Selling Insurance & Takaful Products

02/07/2022

The board and senior management shall be held “jointly accountable” for bancassurance/bancatakaful products that result in “poor consumer outcomes”.

AML / KYC

Limited Progress Made on Travel Rule Implementation: FATF

01/07/2022

Jurisdictions have made “only limited progress” over the last year to implement the travel rule in the crypto industry, the FATF says.

Capital / Liquidity

MAS Reprimands Crypto Hedge Fund Three Arrows Capital

01/07/2022

MAS said Three Arrows Capital exceeded its allowable AUM and gave the regulator a false representation. The company entered into liquidation this week.

Market Infrastructure

China Proposes New Cross-Border Data Transfer Mechanism

01/07/2022

Eligible companies can transfer data across borders by signing standard contracts with overseas recipients that align with China’s data protection law.

ESG / Sustainability

GFXC Launches New Tool to Drive Adoption of FX Global Code

01/07/2022

The new web-based prototype tool will reduce the barriers to signing the Code and encourage adoption by more buy-side firms.