Enforcement

ASIC Sets Out Enforcement Priorities for 2023

07/11/2022

ASIC will target greenwashing, predatory lending and crypto investment scams, along with other “enduring” priorities involving misconduct and systemic compliance failures by large FIs.

Capital / Liquidity

SGX RegCo Refines CDP Margining Framework & Clearing Fund

04/11/2022

Margin rates will be differentiated based on different risk profiles of securities. Margin offsets will be introduced to account for diversification effects. Anti-procyclicality measures will be enhanced.

Fintech / Regtech

MAS Launches New Initiative to Advance Cross-Border CBDC Work

04/11/2022

Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.

AML / KYC

NZ DIA Updates CCD Guidance to Address Nominee Structures

01/11/2022

Reporting entities “must” take reasonable steps to verify the existence and name of any nominee director, shareholder or general partner at onboarding.

ESG / Sustainability

HKEX Launches Carbon Market to Support Net Zero Transition

30/10/2022

The new platform will allow participants to source, hold, trade, settle and retire voluntary carbon credits from internationally-certified carbon projects.

AML / KYC

AUSTRAC Issues New Guidance on Preventing TBML

28/10/2022

The guidance describes the most common TBML methodologies and provides indicators and behaviours to help financial service providers detect and report suspicious activity.

Enforcement

HKEX Issues New Guidance Note, Revises Sanctions Statement

27/10/2022

Parties are expected to cooperate with HKEX during its investigations and disciplinary actions, the new Guidance Note on Cooperation says.

Market Infrastructure

UK Regulator Directs CRAs to Fix Governance Gaps

26/10/2022

Credit rating agencies have until 30 January 2023 to submit action plans to the FCA on how they will rectify governance issues.

Capital / Liquidity

APRA to Review Prudential Framework for Financial Groups

25/10/2022

APRA will seek industry feedback in H1 2023 on five topics related to groups: financial resilience, governance, risk management, resolution, and competition issues.