Crypto / Digital Assets

MAS Mulls New Restrictions on Retail Investment in Crypto

05/07/2022

New measures may include placing limits on retail participation, and introducing new rules on the use of leverage in crypto transactions.

Capital / Liquidity

Korea Regulators Announce Measures to Ease Market Volatility

05/07/2022

Securities firms will be exempt from a requirement to hold collateral worth at least 140 percent of the value of each stock purchase to provide credit to customers.

AML / KYC

BSP Reiterates Calls for FIs to Enhance Anti-Fraud Measures 

05/07/2022

The BSP has vowed to intensify monitoring and surveillance of the financial industry to ensure they “remain responsive to emerging risks”.

AML / KYC

US Bill Set to Bring Gatekeepers into Scope of AML Rules

05/07/2022

The Enablers Act would require financial advisers, lawyers, art and antiquities traders to perform due diligence on their clients and file SARs.

Crypto / Digital Assets

ANZ Completes First Stablecoin Transaction Involving Carbon Credit

05/07/2022

ANZ client Victor Smorgon Group successfully purchased tokenised Australian carbon credits from Zerocap using A$DC as a medium of exchange.

Market Infrastructure

UK FCA Consults on Remaining LIBOR Transition Steps

04/07/2022

The FCA is seeking views until 24 August on winding down synthetic sterling LIBOR and US dollar LIBOR.

AML / KYC

Bangladesh Grants Amnesty for Repatriation of Offshore Assets

04/07/2022

The government will provide amnesty for those that choose to repatriate their offshore assets to Bangladesh and pay a 7% tax.

Capital / Liquidity

HKMA Explores Use of Deep Learning for Credit Risk Assessment

04/07/2022

A trained model was able to consistently detect corporate credit deterioration at both the transaction level and aggregate level with a three-month lead time.

Fintech / Regtech

Australia Commences Roll-out of New Payments Service PayTo

04/07/2022

PayTo checks upfront for adequate funds in the paying customer’s account at payment initiation, reducing rejected payments and manual exception handling.