Enforcement

Indian Police Arrest Former NSE Head Chitra Ramkrishna

07/03/2022

The CBI said evidence shows that Ramkrishna engaged in a conspiracy with another executive, after she coerced NSE’s HR department to hire him.

Big Picture

BCBS Expresses Concerns About Credit Risk Uncertainty

07/03/2022

Supervisors are concerned that residual support measures may be masking true credit risk conditions in the banking sector, the BCBS says.

AML / KYC

KoFIU Directs Crypto Exchanges to Improve AML Staffing

05/03/2022

The proportion of staff dedicated to AML compliance at Korea’s crypto exchanges stands at around 8 percent.

AML / KYC

1MDB: Ex-BNM Governor’s Husband Embroiled in Police Probe

04/03/2022

The police, rather than the anti-corruption commission, are investigating Datuk Tawfiq Ayman and his alleged involvement in 1MDB.

ESG / Sustainability

APRA to Survey Regulated Entities on Climate Risk Management

03/03/2022

The survey will assess the alignment between current approaches used by regulated entities and the expectations set out in CPG 229 and the TCFD recommendations.

Fintech / Regtech

Cambridge CCAF Launches Crypto Research Project

02/03/2022

The research project will cover the environmental implications and broader ESG considerations of digital assets and their associated services, among other themes.

Securities / Derivatives

Eight SPACs Have Filed IPO Applications in Hong Kong

02/03/2022

The first applicant, backed by CMB International, has been approved. The latest applicant is a SPAC majority owned by ex-HKMA chief Norman Chan.

Market Infrastructure

ESMA Consults on Climate Risk Stress Testing Approach for CCPs

02/03/2022

ESMA has identified four elements of climate risk that may adversely impact CCPs – physical risk, rapid transition risk, business risk, and collateral replacement risk.

AML / KYC

US Regulators Fine National Bank of Pakistan $55m for AML Violations

01/03/2022

National Bank of Pakistan is required to pay penalties, correct deficiencies in its AML compliance, and submit quarterly progress reports on remedial actions taken.