Securities / Derivatives

LME to Cease Trading in Gold, Silver Futures in July

27/04/2022

The LME said the decision was made following discussions with market participants and “in light of the low levels of trading activity”.

AML / KYC

China UnionPay to Halt Operations in Russia

27/04/2022

UnionPay has reportedly halted negotiations with Russian banks on issuing new bank cards for their customers to avoid possible sanctions.

Fintech / Regtech

HKMA Launches Knowledge Hub to Promote RegTech Adoption

26/04/2022

The Hub’s launch is accompanied by videos featuring regtech solutions from HSBC, Citibank, iFinHealth, Ping An OneConnect Bank and ASTRI.

Capital / Liquidity

HK to Implement Capital Standard for Banks’ Fund Exposures

26/04/2022

The capital standard for banks’ equity investments in funds is expected to come into operation in Hong Kong on 1 July 2022.

Singapore: New Guidance Issued on Enhancing Insurer Service Quality

26/04/2022

Singapore’s Insurance Culture and Conduct Steering Committee published a third paper offering guidance on improving conduct and culture in the insurance ecosystem.

Securities / Derivatives

SFC Proposes Amendments to Position Limit Regime

26/04/2022

The proposals will expand the list of futures and options contracts for which the SFC may prescribe position limits.

AML / KYC

BSP Directs FIs to Implement Controls Against Cyber Fraud

26/04/2022

The recommended control measures include the removal of clickable links in emails and SMS and customer notifications for fund transfers and contact information changes.

Big Picture

FSB Proposes Policy Measures to Address EM Vulnerabilities

26/04/2022

The proposals seek to reduce vulnerabilities from foreign currency borrowing, including by exploring ways to reduce the “mechanistic use of credit ratings” by index providers.

AML / KYC

AMLC Philippines Launches Review of Sanctions Screening Practices

26/04/2022

The AMLC has partnered with AML Analytics as its testing and validation partner to conduct a thematic review of customer- and transaction-screening systems at FIs and DNFBPs.