HKMA Seeks to Reassure Bankers Over Covid Restrictions

07/03/2022

Concerns are mounting over closed schools and bars, banned flights, and a plan to launch a mass testing programme that may be coupled with a citywide lockdown.

AML / KYC

Bangladesh to Investigate Allegations in Panama, Paradise Papers

07/03/2022

A committee has been formed to investigate the money laundering allegations against Bangladeshi nationals named in the Panama Papers and Paradise Papers.

Securities / Derivatives

SEBI Extends Timeline for Brokers to Segregate Client Collateral

07/03/2022

The implementation timeline for the new framework on client collateral segregation and monitoring has been extended to 2 May 2022.

Securities / Derivatives

SFC Directs Licensed Corporations to Plan for Contingencies

07/03/2022

The SFC expresses concern that some licensed firms may not have plans in place to deal with financial distress or the sudden unavailability of key staff.

Enforcement

SMBC Nikko Employees Arrested in Manipulation Probe

07/03/2022

Two Japanese and two foreign nationals were arrested for allegedly manipulating at least five stocks when handling block orders for clients.

FSC Korea Amends Rules to Promote Overseas Expansion of FIs

06/03/2022

The FSC has eased reporting requirements for Korean financial institutions engaged in operations and investment activities overseas.

AML / KYC

FATF Concerned About Impact of Ukraine Invasion on Risk Environment

06/03/2022

Russia’s actions run counter to the FATF core principles. The FATF is reviewing Russia’s role at the FATF and will consider steps to uphold its core values.

Capital / Liquidity

APRA Commences Post Implementation Review of LCR, NSFR

06/03/2022

The review will inform potential adjustments to the LCR and NSFR and a broader review of APRA’s liquidity requirements.

ESG / Sustainability

APLMA, LMA, LSTA Publish New ESG Guidance Documents

06/03/2022

The guidance documents are intended to support the development of green, social, and sustainability-linked loans.