Capital / Liquidity

SFC Finalises Risk Management Guidelines for Futures Brokers

28/08/2023

The new guidelines will take effect from 25 February 2024. An additional 12 months will be provided for certain changes.

AML / KYC

HKMA to Explore Regulatory Changes to Promote Bond Tokenisation

26/08/2023

The report suggests new requirements could be introduced for DLT platforms, covering areas from KYC and AML compliance to BCPs and cyber risk assessments.

Capital / Liquidity

RBNZ Finalises ‘Connected Exposures’ Policy, Effective in October

25/08/2023

RBNZ’s Kate Le Quesne said the new connected exposures policy aligns with the capital adequacy framework and supports financial stability.

Crypto / Digital Assets

RBA Completes CBDC Research Project, Issues Findings

24/08/2023

The project highlighted areas where a CBDC could enhance the payments system, but also raised a number of legal and regulatory issues.

SEBI Proposes to Form New Supervisory Body for Research Analysts

24/08/2023

SEBI proposes to require membership in the new body in order to obtain registration as a research analyst in India.

ESG / Sustainability

RBNZ Releases Results of Second Climate Risk Survey

24/08/2023

Just over half of the entities have not yet undertaken climate-related scenario analysis, though all plan to do so in the next 12 months.

Enforcement

Korea: BNK Establishes Dedicated Team to Enhance Internal Controls

23/08/2023

The internal control analysis team is a response to multiple cases of misconduct by employees at BNK Kyongnam Bank.

AML / KYC

Wolfsberg Group Responds to FATF Consultation on NPO Standards

23/08/2023

It says NPOs should be required to conduct their own risk assessments and deploy risk-based controls similar to those used by correspondent banks.

Crypto / Digital Assets

New Zealand: Collapsed Crypto Firm Reported to FMA, SFO

22/08/2023

Grant Thornton has contacted regulators about a NZ$6.3 million shortfall between reported user holdings and the digital assets held by collapsed crypto firm Dasset.