AML / KYC

Bangladesh Launches Online Account Opening for Stock Investors

16/02/2021

The new system will reduce the time it takes for investors to open an account and minimise the number of accounts opened using fake information, BSEC said.

Capital / Liquidity

RBI Establishes Expert Committee to Enhance UCB Resilience

16/02/2021

The committee will take stock of existing regulatory measures and their impacts and recommend other suitable measures to strengthen the sector.

Fintech / Regtech

S. Korean Law to Help Reverse Mobile Payments Made in Error

16/02/2021

New legislation set to take effect in July will task the KDIC with helping users of mobile payment apps to retrieve funds that are transferred in error.

Market Infrastructure

IFRS Foundation Calls for Research Into IFRS 9, IFRS 15 Disclosures

16/02/2021

The aim of the research is to provide evidence about the quality of disclosure provided by entities applying IFRS 9 and IFRS 15.

Market Infrastructure

Trade Associations Issue Update to Green Loan Principles

15/02/2021

The update includes social risks in the categories to be considered as part of project evaluation and selection. Previously only environmental risks were included.

Big Picture

IOSCO Reviews Impact of Govt Support on Credit Ratings

15/02/2021

Government support measures played a “significant role” in alleviating the downward pressure on credit ratings, IOSCO found in its review.

Enforcement

Chinese Premier Signs Decree on Preventing Illegal Fundraising

15/02/2021

New regulations set to take effect in May will enhance monitoring and penalties for illegal fundraising activities, with an emphasis on prevention and early detection.

AML / KYC

UK Issues Draft Rules to Promote Trust in Digital Identity

15/02/2021

New draft rules are aimed at deepening trust and confidence in digital identities through the adoption of common standards to safeguard personal data and privacy.

AML / KYC

GLEIF to Implement New Policies, File Formats in Global LEI System

15/02/2021

Users must plan to implement the updated file formats to ensure uninterrupted access to LEI data beyond 31 March 2022, GLEIF said.