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.

ESG / Sustainability

HKMA to Integrate Climate Risk in Supervisory Processes

01/07/2022

Climate risk management will be a standing item in annual prudential meetings with banks. The CAMEL rating framework will be updated.

AML / KYC

FATF Seeks Views on Improvements to Recommendation 25

30/06/2022

The review is intended to improve Recommendation 25 and its Interpretive Note to better meet its stated objective to prevent the misuse of legal arrangements.

Fintech / Regtech

Thai SEC Launches Open Data Portal to Enhance Transparency

30/06/2022

The data centre provides information on business operators, licensed individuals, and the products available – including digital assets.

Securities / Derivatives

SEBI Announces Decision to Allow FPIs to Trade Commodity Derivatives

30/06/2022

FPIs will be allowed to trade non-agri commodity derivatives and select non-agri benchmark indices. Only cash-settled contracts will be allowed.

Enforcement

US SEC Fines EY for Employee Cheating on CPA Exams

30/06/2022

The settlement is largest penalty the SEC has ever imposed against an audit firm, double KPMG’s 2019 penalty.

AML / KYC

Canadian Banks Collaborate on KYC Utility Project

30/06/2022

The five banks will collaborate with CanDeal Group to create a common data and regulatory experience for the industry.

Enforcement

ASIC Wins Appeal Against Payday Lenders Cigno, BHF Solutions

30/06/2022

ASIC is now considering using its broader product intervention powers to address consumer detriment in continuing credit contracts.