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Korea Creates Taskforce to Oversee Household Debt Management
01/11/2021
The taskforce will explore additional measures to manage household debt-related risks and promote more responsible lending practices.
Market Infrastructure
New Zealand Introduces Bill on Retail Payments Regulation
01/11/2021
The regime will cap interchange fees on designated payment networks, starting with Mastercard and Visa’s credit and debit card networks.
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.
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