Securities / Derivatives

HKEX Enhances Third Party Clearing Arrangement for HKFE Contracts

31/03/2022

As of Monday, non-clearing participants can appoint more than one general clearing participant to clear and settle HKFE contracts.

Fintech / Regtech

RBI to Require Geo-Tagging of Payment System Touch Points

31/03/2022

Banks and payment system operators will have to capture, maintain and report the geographical coordinates of all payment touch points deployed by merchants.

Securities / Derivatives

HKMA Updates Trade Reporting Specifications for OTC Derivatives

30/03/2022

A revised Administration and Interface Development Guide will take effect from 19 December 2022, taking into account pandemic-related operational challenges.

AML / KYC

US Lawmakers Probe Credit Suisse Russia Business

30/03/2022

The lawmakers are concerned that Credit Suisse may be concealing information about sanctions evasion by Russian oligarchs.

Crypto / Digital Assets

BOT Offers Update on Transition to Sustainable Digital Economy

29/03/2022

The BOT will publish a virtual bank licensing framework by Q2 2022, and directions on its open banking policy in Q3 2022.

Market Infrastructure

BOJ Defends Yield Target With ‘Unlimited’ Bond Buying

29/03/2022

The BOJ is buying Japanese government bonds every day this week until Thursday to keep yields low as it diverges from the US path.

AML / KYC

GLEIF to Include Organisational Role Information in vLEI

29/03/2022

GLEIF says the new ISO 5009 standard facilitates a universal approach for including official organisational role information in digital ID credentials.

Enforcement

SFC Bans BNP Representative for Unauthorised Discretionary Trading

29/03/2022

The relationship manager asked clients to pre-sign blank instruction forms so he could place trades for their accounts without having to inform them in advance.

Enforcement

Singapore Jails Nominee Director for Facilitating Illicit Activities

29/03/2022

The director of corporate service provider 3E Accounting served as local resident director of four companies whose bank accounts were used to receive criminal proceeds.