AML / KYC

Australian Billionaire Launches Criminal Proceedings Against Facebook

06/02/2022

Fortescue Metals Group chairman Andrew Forrest alleges that Facebook broke AML laws by failing to prevent crypto scams from being advertised on its platform.

Capital / Liquidity

EU Regulators Consider Stricter Rules for Foreign Banks

06/02/2022

EU regulators are reportedly considering rule revisions that could force more foreign banks to operate as subsidiaries rather than branches.

Securities / Derivatives

China Eases Process for Investors to Seek Redress for Securities Fraud

06/02/2022

Administrative penalties or criminal judgments will no longer be preconditions for courts to accept civil compensation cases involving securities fraud.

ESG / Sustainability

CDSB Consolidates into IFRS Foundation to Support ISSB

06/02/2022

The consolidation includes the transfer of CDSB staff and core intellectual property and technical assets to support the work of the ISSB.

Fintech / Regtech

Singapore Gets New Methodologies to Assess Responsible AI Use

06/02/2022

A new open-source software toolkit has also been published to enable financial institutions to automate the fairness metrics assessment.

Securities / Derivatives

RBA Announces End to Quantitative Easing Programme

06/02/2022

RBA governor Philip Lowe suggests the central bank plans to maintain rather than shrink the size of its balance sheet.

Market Infrastructure

SSE, SZSE Notify Market of New Bond Trading Rules

05/02/2022

The rules introduce new modes of trading and greater settlement flexibility to encourage more institutional investors to participate in the exchange bond market.

Market Infrastructure

Refinitiv Revises Tokyo Swap Rate Methodology for TIBOR Swaps

05/02/2022

The fallback procedure has been updated to allow publication based on Tokyo Swap Rate (for swaps referencing TONA) plus a spread adjustment.

SEBI Introduces New Framework for Special Situation Funds

04/02/2022

Special situation funds can invest in stressed loans, security receipts issued by ARCs, or securities of distressed investee companies.