Anti-Money Laundering

BaFin Orders Deutsche Bank to Further Enhance AML Controls

04/05/2021

Deutsche Bank is asked to further bolster safeguards against financial crime, including in its correspondent banking relationships and transaction monitoring.

Cybersecurity

IMF Offers Guidance to Central Banks on Fintech, Cybersecurity

04/05/2021

The surge of technological innovation and related cybersecurity issues strengthen the need for enhanced risk management at central banks, the IMF says.

CBDCs

EIB Issues First Digital Bond on Public Blockchain

04/05/2021

The digital bond issuance was carried out using a distributed ledger for registration and a CBDC for settlement.

Structural Regulation

FCA Proposes Rule Changes to Encourage SPAC Listings

03/05/2021

The FCA proposes to exempt SPACs that identify an acquisition target from being suspended, if they have certain investor protections in place.

Trading & Investment

China Consults on Expanded Scope of Futures Law

03/05/2021

The revised draft expands the scope of the law to also cover “other derivatives”, while also raising penalties for violations.

Emerging Prudential Risks

APRA Chair Outlines Initiatives to Financial Sector Risks

03/05/2021

APRA is piloting a risk culture survey, independent cyber security reviews, and a new data collection exercise on technology and cyber risks.

Data Privacy

China Consults on Revisions to Data Privacy, Data Security Laws

03/05/2021

The latest revisions will impose stricter requirements on internet platforms and restrict Chinese firms from handing data to foreign agencies.

Structural Regulation

Treasury Announces New Chair, Deputy Chair for ASIC

01/05/2021

The Treasury also said will introduce legislation by mid-year to establish the FRAA, a new body to oversee the performance of ASIC and APRA.

Clearing & Post-Trade

Industry Groups Collaborate to Plan Move to T+1 in US Equities

01/05/2021

SIFMA, ICI and DTCC plan to complete their analysis on the next steps needed to shorten the settlement cycle in US equities by the end of Q3 2021.