Anti-Money Laundering

Swiss Prosecutors Investigate Credit Suisse’s 2022 Data Leak

08/02/2023

The investigation centres on suspected acts of corporate espionage, breach of trade secrets and violations of banking secrecy laws.

Data Privacy

Industry Bodies Call on ACCC to Intervene Against ING

08/02/2023

FinTech Australia and FDATA say ING’s planned platform upgrade will invalidate thousands of CDR consents and force consumers to redo the process.

Trading & Investment

Hong Kong, Saudi Exchanges to Explore Cross Listings

07/02/2023

A delegation to Saudi Arabia led by Hong Kong chief executive John Lee will try to persuade Aramco to list on HKEX’s market.

Anti-Money Laundering

Korean Crypto Firms Face AML Inspections, Disclosure Rules

06/02/2023

The inspections will prioritise high-volume crypto businesses with high money laundering risks. The disclosure system will cover issuance, listing and circulation.

Climate Risk

Existing FMI Rules Are Sufficient to Address Climate-related Risks

03/02/2023

DTCC says the regulatory frameworks and standards contained within the PFMI are sufficient to address climate-related financial risks faced by FMIs.

Cloud & Infrastructure

BSP Invites Firms to Participate in Open Finance Rule-Making

02/02/2023

Financial institutions and fintech firms are invited to participate in the development of rules and standards for the Philippine Open Finance Pilot.

Conduct, Culture & Accountability

US SEC Proposes Amendments to Staff Trading Rules

02/02/2023

Investments in financial industry sector funds will be prohibited. The SEC will be able to collect employee trading data via an automated electronic system.

Payments & Settlements

ASX to Introduce New Measures for Handling Outages

01/02/2023

ASX will introduce new order and trade download services and a ‘cancel only’ session state. A proposed intraday restart capability will not proceed.

CBDCs

Allowing Self-Custody Should be Considered in CBDC Design

30/01/2023

World Economic Forum article suggests CBDC designers should consider allowing self-custody as an option to increase overall user dignity and welfare.