RBI Assesses Six Applicants Unsuitable for Banks Licensing

22/05/2022

RBI had received 11 applications to set up universal banks and small finance banks. The RBI (Reserve Bank of India) […]

Taiwan Mulls Additional Measures to Curb Property Lending

22/05/2022

The measures include shortening mortgage loan tenors from 30 to 20 years for corporate buyers and owners of multiple homes.

Market Infrastructure

New Visa Rules Will Not Hinder Access to Foreign Talent: Menon

21/05/2022

MAS managing director Ravi Menon addressed concerns that a revised scoring system for employment pass applicants could impede hiring by Singapore FIs.

AML / KYC

ASIC Cautions Against Purchasing ‘Fake Green Bonds’

21/05/2022

ASIC says retail investors who are approached to invest in green bonds should ask their banks for help to check the legitimacy of the offer.

Market Infrastructure

LME Proposes to Enhance Reporting of OTC Metals Trades

21/05/2022

Banks would be required to report all off-exchange trades in aluminium, copper, nickel, tin and zinc on a weekly basis.

Securities / Derivatives

New Zealand Fund Manager Fees Overshadow Performance: FMA

20/05/2022

Fund managers are showing repeatable performance but the “benefits of their skill” are being overshadowed by fees and commissions paid to third parties.

Shanghai Directs Exchanges, FIs to Resume On-site Operations

20/05/2022

864 financial institutions are on a list of white-listed entities that are allowed to start sending employees back to the office. The list will be updated weekly.

Enforcement

RBNZ Finalises Guidelines on Enforcement Principles and Criteria

19/05/2022

The enforcement principles guide RBNZ’s investigation and enforcement strategy. The enforcement criteria help determine the appropriate enforcement response to non-compliance.

AML / KYC

US Warns Against Inadvertent Hiring of DPRK IT Workers

19/05/2022

North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.