AML / KYC

Taiwan Banks Warned of Credit Card Fraud Via Digital Wallets

04/07/2022

The FSC asked the Bankers Association to amend its guidances to ensure consumers get notifications when their credit card is added to a digital wallet.

Market Infrastructure

US Fed Delays ISO 20022 Implementation Until March 2025

03/07/2022

ISO 20022 implementation for the Fedwire Funds Service is being delayed to prioritise the launch of the new FedNow Service.

ESG / Sustainability

BNM Calls on FIs to Start Preparing for 2024 Climate Stress Tests

03/07/2022

BNM has proposed a framework for the 2024 CRST exercise to assess the resilience of Malaysian FIs to physical and transition risks arising from various climate scenarios.

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.