AML / KYC

Trust but Verify: Establishing a Client’s Source of Wealth

01/11/2021

The Pandora Papers provide a stark reminder of the importance of having a robust risk assessment process in place for due diligence and source of wealth checks.

Securities / Derivatives

Bursa Malaysia Launches Competency Framework on Sustainability

01/11/2021

The framework maps competencies against sustainability-related positions to facilitate the development of sustainability strategies and reporting approaches.

Fintech / Regtech

HKIMR Offers Suggestions to Narrow AI/BD Talent Gap

31/10/2021

An estimated 2,000 professionals with both finance and AI/big data skills are needed to meet the talent gap in Hong Kong’s financial industry.

Market Infrastructure

IOSCO Updates, Expands Principles on Outsourcing

31/10/2021

IOSCO’s principles on outsourcing have been updated to include trading venues, intermediaries/market participants acting on a proprietary basis, and CRAs.

Securities / Derivatives

Hong Kong Bourse Launches ‘Kill Switch’ Service

31/10/2021

The ‘kill switch’ service allows exchange participants to quickly cancel outstanding orders by broker number in contingencies.

AML / KYC

IFC to Develop e-KYC Infrastructure for Bangladesh

31/10/2021

International Finance Corporation will help Bangladesh’s FIU develop e-KYC infrastructure to advance digital transformation and financial inclusion.

Big Picture

UK Considers Use of Climate Risk Capital Buffers

31/10/2021

The Bank of England is exploring whether to use capital add-ons or scalars to address weaknesses in climate risk management.

Securities / Derivatives

Japan FSA Finalises Guidelines on Social Bond Issuance

31/10/2021

Under the guidelines, social bond issuers have to make annual disclosures on the use of the proceeds and the social benefits they yield.

FSC Korea Orders Citi to Submit Detailed Plans on Market Exit

31/10/2021

Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.