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.

Crypto / Digital Assets

US Finalises Tax Reporting Rules for DeFi Brokers

02/01/2025

Brokers of digital assets including DeFi platforms have to report the gross proceeds from digital asset sales or exchanges facilitated for customers.

Sanctions

China Sanctions Seven Firms in Over US Support for Taiwan

02/01/2025

China’s “countermeasures” target seven firms, including two Raytheon businesses, along with “relevant senior executives” who were not named