Enforcement

UK FCA Places Credit Suisse on Regulatory Watchlist

14/06/2022

Credit Suisse was added to the FCA’s watchlist due to concerns that it was not doing enough to improve its culture, governance and risk controls.

AML / KYC

FATF Re-rates UK for Progress on Correspondent Banking

14/06/2022

The FATF also commends the UK for progress made to expand its FIU’s ability to conduct operational analysis.

Crypto / Digital Assets

Australia: New Govt to Push Ahead with BNPL, Crypto Regulation

14/06/2022

The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.

Securities / Derivatives

TAIFEX to Launch Semiconductor, Logistics Futures

14/06/2022

The new contracts are a response to heightened market demand for industry-specific risk management tools, TAIFEX says.

Fintech / Regtech

RBI to Allow Credit Cards to Link to UPI System

14/06/2022

Allowing credit cards to link with the UPI will provide consumers more payment options and greater convenience, the RBI said.

Crypto / Digital Assets

Bangladesh Bank to Assess Feasibility of Introducing CBDC

14/06/2022

A CBDC is needed to facilitate the growth of digital transactions and encourage startups and e-commerce businesses, the finance minister said.

AML / KYC

Japan, Singapore to Explore Mutual Recognition of Digital Identity

14/06/2022

Mutual recognition of digital identity credentials is part of an agreement to cooperate on the digital transformation of government services.

Enforcement

Another Former CSRC Official Under Corruption Probe

14/06/2022

The probe is linked to another investigation involving an official who worked for the CSRC department that oversaw listings on the ChiNext board.

Capital / Liquidity

FSC Korea Outlines Measures to Boost Capital at Insurers

14/06/2022

Insurance companies have been experiencing declining levels of risk-based capital due to rising interest rates and mark-to-market losses on bond holdings.