Capital / Liquidity

FSC Korea Imposes Cap on Bank Dividend Payouts

29/01/2021

In an L-shaped scenario, the capital buffer and D-SIB ratios of numerous banks fell short of the required levels in stress tests, the FSC said.

Enforcement

US Regulator Fines Goldman Over Employee Fingerprinting

28/01/2021

FINRA said Goldman failed to maintain a reasonable system to identify and properly screen individuals who became associated with the firm in a non-registered capacity.

Securities / Derivatives

IOSCO Offers Guidance on Enhancing Complaint Handling Mechanisms

28/01/2021

IOSCO has published a new report to help jurisdictions identify and address gaps in their complaint handling and redress systems.

AML / KYC

BSP Updates VASP Rules to Align with FATF Requirements

28/01/2021

The updated rules also bring into scope virtual asset custodians, introducing a $1mn minimum capital requirement for such businesses.

Securities / Derivatives

Hong Kong Government Prices First Ever 30 Year Green Bond

28/01/2021

Hong Kong has priced the first ever 30-year green bond by an Asian government and the longest tenor bond in its history.

Sanctions

US Treasury Defers Investment Ban on Some Chinese Companies

28/01/2021

A general licence delays the application of restrictions on companies with names that closely match those of the blacklisted companies.

Market Infrastructure

FMA Review Finds NZX Technology Capability Lacking

28/01/2021

NZX is required to develop a detailed, time-bound action plan to address the technology issues identified in a review conducted by the FMA.

Enforcement

HKMA Suspends Banker Over Photocopied Client Signature

28/01/2021

The banker photocopied a client’s signature onto an instruction form and used it to apply for the issuance of a bank reference letter.

AML / KYC

AUSTRAC Consults on AML/CTF Rules for Phase 1.5 Reforms

28/01/2021

The amendments will update rules on correspondent banking and customer due diligence to reflect legislative changes passed in December.