Market Infrastructure

G20 Backs Central Bank Independence, Agrees Path on NBFI Risk and Tax

19/07/2025

In a rare show of unity, G20 finance ministers issued their first joint communiqué since October 2024, stressing central bank independence.

Securities / Derivatives

Japan to Phase in ISSB-Aligned Disclosure and Assurance from 2027

18/07/2025

Regulators will require the largest firms to adopt the standards first, introducing a "safe harbour" provision to account for uncertain and forward-looking data.

Securities / Derivatives

Korea to Mandate Venture Capital Investment for 'Mega IBs'

17/07/2025

Regulators have proposed new rules forcing large investment banks to allocate 25% of certain funds to venture capital while tightening designation criteria.

AML / KYC

PBOC Proposes to Update Reporting Rules for Suspicious Transactions

17/07/2025

The PBOC has launched a consultation to align rules with a new AML law, introducing non-site inspections and extending record-keeping requirements.

AML / KYC

MAS Mandates 2FA for All Online Financial Accounts, Tightens Exemptions

17/07/2025

MAS updates guidance to make two-factor authentication mandatory for all customers, shifting from a client-based to an access-based exemption model.

Securities / Derivatives

Japan Cautiously Considering Move to T+1 Equities Settlement

16/07/2025

FSA study group urges a cautious approach while monitoring regional peers, highlighting risks of settlement fails and time zone challenges for foreign investors.

Capital / Liquidity

UK Delays FRTB Rules to 2028 Amid Global Uncertainty

16/07/2025

BOE cites need for international alignment on FRTB internal models, while pushing ahead with standardised approaches and other Basel 3.1 reforms for 2027.

Securities / Derivatives

Japan FSA Proposes Mandatory Phishing-Resistant MFA for Brokerages

16/07/2025

FSA released draft guidelines to combat online fraud, requiring stronger authentication and setting schedules for implementation.

Securities / Derivatives

BOJ Completes Sale of Crisis-era Stocks, Shifts Focus to ETF Holdings

16/07/2025

BOJ has finalised the disposal of shares bought from commercial banks, turning market attention to the much larger challenge of unwinding its ETF portfolio.