Anti-Money Laundering

Western Australia Man Jailed for Dealing in Criminal Proceeds

02/08/2021

The man was sentenced to five years jail over A$6.1mn in cash discovered as a result of intelligence gained during Operation Ironside.

Market Data & Technology

ISDA, ICMA, ISLA Sign MoU on Common Domain Model

02/08/2021

The MoU establishes a framework for closer collaboration on the development of the Common Domain Model across financial markets.

Operational Risk

Taiwan FSC Issues Guidelines on Bank Inspections

02/08/2021

The FSC says a key objective of the guidelines is to introduce innovative technology including big data analysis into the inspection process.

Payments & Settlements

SWIFT Launches Instant Cross-border Payments for SME, Retail

02/08/2021

Seven banks that have launched ‘SWIFT Go’ – BBVA, BNY Mellon, DNB, MYBank, SberBank, Société Générale, and UniCredit.

Cloud & Infrastructure

Thailand, Luxembourg Sign MoU on Fintech Innovation

02/08/2021

The MoU provides a framework for cooperation between the SEC and CSSF with respect to promoting innovation in financial services.

Supervision & Enforcement

APRA Raises Expectations on Superannuation Entities

02/08/2021

APRA has written to RSE licensees describing their key obligations in light of the introduction of the Your Future, Your Super reforms.

Structural Regulation

SEC Philippines Launches New Fintech Innovation Office

01/08/2021

The PhiliFintech Innovation Office will serve as the first point of contact for existing fintech companies and help the SEC regulate fintech activities.

Sustainable Finance

PBOC to Guide Long Term Funds Towards ESG Investments

01/08/2021

The PBOC will guide pension funds, insurance, social security and asset managers towards investing in ESG products, officials said at a recent forum.

Market Abuse

Westpac Insider Trading Case May Not Be Heard Until 2023

01/08/2021

A proposed February 2022 trial date will not be feasible as Westpac will have to be allowed sufficient time to review expert evidence.