Anti-Bribery & Corruption

Malaysian Court Convicts Wife of Najib Razak for Corruption

01/09/2022

Rosmah Mansor was convicted for taking bribes from a contractor in exchange for a government project to supply solar energy to rural schools.

Trading & Investment

China Launches First Affordable Rental Housing REITs

01/09/2022

The REITs started trading on Wednesday, after being more than 100 times oversubscribed among institutional investors two weeks earlier.

Operational Risk

ORX, McKinsey Launch Operational Risk Control Library

01/09/2022

The ORX Reference Control Library contains 761 typical operational risk controls based on data collected from nearly 50 banks and insurers.

Payments & Settlements

SWIFT Applies Data Intelligence to Remove Payment Friction

01/09/2022

SWIFT says its new capability ensures payments will go through regardless of whether the parties have transacted with each other before.

Payments & Settlements

Bangladesh Bank to Enable FX Clearing via RTGS System

01/09/2022

Banks can clear USD, GBP, EUR, CAD and JPY through the RTGS system starting from 4 September. CNY clearing will be allowed “soon”.

Cryptocurrency

Iran Passes Law Authorising Use of Crypto for Imports

01/09/2022

The new law formally allows government and local businesses to use cryptocurrencies as payment for imports.

Liquidity Risk

APRA Frees Westpac from Add-on Liquidity Requirement

01/09/2022

The liquidity add-on was imposed in 2020 in response to breaches which APRA said demonstrated weaknesses in the bank’s risk management and oversight.

Custody & Infrastructure

Australia Launches Digital Finance Cooperative Research Centre

01/09/2022

Backed by industry, government and academia, the DFCRC will facilitate the development of the emerging digital finance sector.

Supervision & Enforcement

Five Super Funds Fail APRA’s Second Performance Test

01/09/2022

Four of the five have now failed for a second time. Five other MySuper products that failed last year have now passed.