ESG / Sustainability

HKMA to Integrate Climate Risk in Supervisory Processes

01/07/2022

Climate risk management will be a standing item in annual prudential meetings with banks. The CAMEL rating framework will be updated.

AML / KYC

FATF Seeks Views on Improvements to Recommendation 25

30/06/2022

The review is intended to improve Recommendation 25 and its Interpretive Note to better meet its stated objective to prevent the misuse of legal arrangements.

Fintech / Regtech

Thai SEC Launches Open Data Portal to Enhance Transparency

30/06/2022

The data centre provides information on business operators, licensed individuals, and the products available – including digital assets.

Securities / Derivatives

SEBI Announces Decision to Allow FPIs to Trade Commodity Derivatives

30/06/2022

FPIs will be allowed to trade non-agri commodity derivatives and select non-agri benchmark indices. Only cash-settled contracts will be allowed.

Enforcement

US SEC Fines EY for Employee Cheating on CPA Exams

30/06/2022

The settlement is largest penalty the SEC has ever imposed against an audit firm, double KPMG’s 2019 penalty.

AML / KYC

Canadian Banks Collaborate on KYC Utility Project

30/06/2022

The five banks will collaborate with CanDeal Group to create a common data and regulatory experience for the industry.

Enforcement

ASIC Wins Appeal Against Payday Lenders Cigno, BHF Solutions

30/06/2022

ASIC is now considering using its broader product intervention powers to address consumer detriment in continuing credit contracts.

Enforcement

Korea to Launch Investigation Team to Combat Voice Phishing

30/06/2022

The plan was announced in response to the death of a small business owner who committed suicide after he was scammed out of more than KRW 160 million.

Market Infrastructure

FMSB Publishes Best Practices for Trading Platform Disclosures

30/06/2022

Trading platform arrangements should contain information about trading protocols, counterparty name disclosure, prioritisation, use of last look, and trade dispute resolution.