Securities / Derivatives

RBI to Require Reporting of OTC Gold Derivatives Trades

03/01/2025

Starting from 1 February, banks must report all OTC transactions in gold derivatives undertaken in domestic markets, GIFT City, and outside India.

Sanctions

OFAC Sanctions Russian Judge for Jailing Human Rights Activist

03/01/2025

Olesya Mendeleeva is the first judge in Russia to find a defendant guilty under Russia’s war censorship laws.

Fintech / Regtech

RBI Forms Committee to Develop Regulatory Framework for AI

03/01/2025

The committee includes experts from IIT Bombay, NASSCOM, IIT Madras, MEITy, Trilegal, HDFC Bank, Microsoft, and the RBI.

Capital / Liquidity

HKMA Finalises Guidance, Reporting Form for CCyB Framework

02/01/2025

Reporting institutions should submit the revised return form starting from the reporting position as of 31 March 2025.

ESG / Sustainability

ASEAN Taxonomy Version 3 Takes Effect Following Revisions

02/01/2025

Version 3 of the ASEAN Taxonomy was revised before it took effect to provide greater clarity on the two new focus sectors.

Securities / Derivatives

SEBI Board Approves Plan to Tighten Merchant Banker Rules

02/01/2025

SEBI will raise the net worth requirement for merchant bankers and require them to maintain a quarter of this in liquid assets at all times

Australia Seeks Input on Use of Legal Professional Privilege Claims

02/01/2025

Discussion paper seeks feedback on addressing improper use of legal professional privilege claims, such as to delay or hinder investigations.

Capital / Liquidity

Bangladesh Bank Issues Revised Stress Testing Guidelines for Banks

02/01/2025

The revised guidelines require all scheduled banks to conduct stress tests quarterly, including assessments of the impacts of climate-related risks.

AML / KYC

Taiwan FIs to Connect ‘Financial Fast-ID’ Verification Systems

02/01/2025

A cross-system verification hub is being developed to connect the existing digital identity verification systems of various FIs.