AML / KYC

APG Re-rates Sri Lanka on One FATF Recommendation

11/11/2021

Sri Lanka extended its foreign exchange declaration requirements to include the full range of bearer negotiable instruments, in line with Recommendation 32.

Fintech / Regtech

Indonesia, UAE to Cooperate on Payments, Fintech, AML

11/11/2021

Central banks will cooperate on cross-border payments, fintech, and AML. Financial services regulators will cooperate on developing the Islamic finance industry.

Enforcement

FSS Faces Criticism Over Revamp of Supervisory Approach

11/11/2021

South Korea’s FSS will shift focus from disciplinary actions to risk prevention, according to FSS governor Jeong Eun-bo.

Securities / Derivatives

More than 400 VCCs Established in Singapore to Date: MAS

11/11/2021

As of mid-October, about 300 asset managers have incorporated or re-domiciled more than 400 VCCs in Singapore.

Securities / Derivatives

SEBI to Consider Opening Up Commodity Market to FPIs

10/11/2021

Currently FPIs can participate in the exchange-traded commodity derivatives only if they have actual exposure through exports and imports.

Big Picture

Fed Warns of Spillover Risk from China Property Markets

09/11/2021

Financial stresses in China could strain global financial markets and affect the US, the Federal Reserve says in its financial stability report.

Capital / Liquidity

BCBS Offers Progress Update on Climate, Cryptoasset Work

09/11/2021

The BCBS will issue a consultation this month on the effective management and supervision of climate-related financial risks at internationally active banks.

Market Infrastructure

India Recalibrates Approach to Shortening Settlement Cycle

09/11/2021

T+1 settlement will now be introduced in a phased manner, starting with the smallest stocks on 25 February, and ending with the biggest stocks around January 2023.

Fintech / Regtech

HK, Mainland Expand Connectivity of Trade Finance Platforms

09/11/2021

Phase 1 connectivity supported exports to Hong Kong and imports from the Mainland, while phase 2 will cover exports to the Mainland and imports from Hong Kong.