AI Risk & Governance

HKMA Announces Expanded Scope of Fintech Push

28/08/2023

The HKMA will take “proactive steps” to assist banks, brokers and insurers to “put fintech solutions into action”.

Operational Risk

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.

Tokenisation

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 Adequacy

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.

CBDCs

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.

Structural Regulation

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.

Climate Risk

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.

Conduct, Culture & Accountability

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.

Anti-Money Laundering

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.