AML / KYC

GCFFC Task Force to Drive Sanctions Compliance in Crypto

17/04/2022

The founding members of the task force are Chainalysis, Elliptic, GDF and Safello, who will together work to support sanctions compliance in the crypto industry.

Capital / Liquidity

PBOC Cuts RRR for Banks as Economic Uncertainty Looms

17/04/2022

The cut will free up an estimated CNY 530 billion in banking system liquidity to support the economy and keep financing costs stable.

Securities / Derivatives

SEBI Issues Risk Management Framework for New EGR Segment

17/04/2022

The framework sets out a system for stock exchanges to collect margins from trading members to cover potential losses from trading in Electronic Gold Receipts.

Capital / Liquidity

RBI Introduces New Standing Deposit Facility for Banks

16/04/2022

The facility allows banks to deposit excess liquidity at the RBI, without the central bank having to provide government securities as collateral in exchange.

Securities / Derivatives

BSEC Tightens Circuit Breaker Limit for Dhaka SME Board

15/04/2022

The SME board commenced trading last October and has seen volume spikes as a result of a waiver from a requirement for traders to register.

Market Infrastructure

RBI to Simplify E-Commerce Payment Settlement Process

15/04/2022

Foreign entities seeking to operate as payment gateways and aggregators for e-commerce-related export and import transactions would have to be authorised in India.

Fintech / Regtech

FSC Korea Bolsters Consumer Safeguards in MyData Licensing System

14/04/2022

The FSC will prohibit MyData services providers from buying and selling consumer data, and start conducting post-licensing inspections to ensure adequate protections are in place.

Fintech / Regtech

Philippine SEC Welcomes New Measures to Combat Illegal Loan Apps

14/04/2022

Starting 11 May, the Google Play Store will introduce a new screening process for personal loan apps targeting users in the Philippines.

ESG / Sustainability

Canada to Require Climate Disclosures for FIs from 2024

14/04/2022

The OSFI will consult financial institutions on climate disclosures guidelines that will phase in mandatory TCFD-aligned reporting beginning in 2024.