ESG / Sustainability

LSEG, JPX to Develop Climate Indices for Japan Equity Market

07/11/2021

The new indices will enable investors to reallocate capital based on the climate credentials and carbon performance of the constituent companies in the index.

AML / KYC

HKMA Launches AMLab Series to Experiment with Network Analytics

07/11/2021

Five banks will work with data experts to experiment with the use of data analytics and network diagrams in identifying suspected money mules.

Philippines Streamlines Bank Merger Application Processes

07/11/2021

A five agency agreement will see documentary requirements cut in half and total processing times reduced from 160 to 55 business days.

ESG / Sustainability

FCA Seeks Input on Disclosure, Labelling System for ESG Products

07/11/2021

The FCA is seeking views on product classification and labelling criteria for sustainable investment products, as well as asset manager and product-level disclosures.

ASIC to Assume Responsibilities for Financial Advice Industry

07/11/2021

Financial advisers providing personal advice to retail clients have to register with ASIC by 1 January 2023. ASIC will also administer the financial adviser exam.

AML / KYC

India Undergoes National Risk Assessment on ML/TF Risks

07/11/2021

Central agencies including the RBI have been tasked with evaluating sectors that are vulnerable to ML/TF risks. India’s mutual evaluation is expected to take place around May 2022.

Enforcement

FCA Bans Ex-Barclays Banker for Life Over EURIBOR Rigging

07/11/2021

The decision comes after the former banker lost an attempt to overturn his 2019 conviction and sentencing to five years in prison.

Capital / Liquidity

Japan FSA Proposes Revisions to Leverage Ratio Requirements

07/11/2021

For internationally-active banks, the new leverage ratio requirements will commence from 31 March 2023 and for other banks one year later.

Fintech / Regtech

Australia Open Banking Regime Reaches New Milestone

07/11/2021

Major banks can enable data sharing for corporate customers and business partnerships. Non-major banks face enforcement action for non-compliance with their data sharing obligations.