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.

ESG / Sustainability

BSP Directs Banks to Integrate Environmental, Social Risks

31/10/2021

Banks have to integrate environmental and social risk in their risk management frameworks and when defining their credit strategy.

APRA Finalises Expectations on Negative Rate Preparedness

31/10/2021

ADIs have until 31 July 2022 to develop tactical solutions to implement zero and negative market interest rates and cash rate.

Securities / Derivatives

HKEX Proposes Changes to Rules Governing Share Schemes

31/10/2021

Listed companies will be able to grant no more than 10 percent of their total shares in share award or option schemes.

AML / KYC

AUSTRAC Asks Banks to Avoid Indiscriminate De-banking Practices

31/10/2021

De-banking activities lead criminal activity underground and compound the risks criminals pose to Australia’s financial system and the community.

Market Infrastructure

MAS Advisory Panel Offers Recommendations on Cybersecurity

31/10/2021

The Cyber Security Advisory Panel said security awareness and competency in the blockchain space are “not where they needed to be”.