PBOC Announces Launch of Two New Re-lending Facilities

02/05/2022

The PBOC will provide banks low cost funds which they can use to support innovative technology companies and institutions providing elderly care services.

AML / KYC

German Authorities Raid Deutsche Bank in Money Laundering Probe

02/05/2022

The raids are reportedly connected to late SARs filings involving a transaction linked to the family of Syrian leader Bashar al-Assad.

Fintech / Regtech

HKMA Issues Regtech Guide on Adopting AI-based Solutions

02/05/2022

The guide highlights the need for banks to establish proper data and AI governance frameworks, and maintain continuous control over AI-based solutions post-implementation.

AML / KYC

Chinese Regulators Consider Options to Guard Against Sanctions

02/05/2022

Officials from the PBOC, MOF and CSRC reportedly met with foreign and domestic banks to discuss ways to protect China’s foreign assets from possible future US sanctions.

Bangladesh Tightens Rules for Agent Banking Operations

01/05/2022

Banks will be required to more closely monitor their agent banking outlets, conduct regular visits of such operations, and submit quarterly reports on any irregularities detected.

Market Infrastructure

DSB Issues Consultation on OTC ISIN and CFI Service

30/04/2022

The consultation focuses on remediation work following a technical review of the DSB’s cloud infrastructure, enterprise-wide risk monitoring tools, and GUI enhancements.

Securities / Derivatives

HKEX Launches Public Repository on Issuer Board Diversity

30/04/2022

The centralised platform will make available data regarding each listed company’s board of directors – by age, gender and years of tenure.

Capital / Liquidity

RBI Updates LCR Guidance for Commercial Banks

30/04/2022

Banks can include government securities worth up to 16 percent of their NDTL in their LCR calculations, compared to 15 percent under earlier guidance.

BNM Proposes Rules for Hiring Insurance, Takaful Agents

30/04/2022

Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent’s current and former employers.