Market Infrastructure

ESG / Sustainability

Taiwan FSC Ramps Up Efforts to Promote Green Finance

By Darien Choong | 06/04/2022

The FSC will encourage FIs to use their capital, investment and financing decision-making power to guide enterprises towards sustainable development.

AML / KYC

Singapore Tightens Laws on Technology Risk, Crypto Assets

By Sanday Chongo Kabange | 06/04/2022

FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.

Market Infrastructure

FSB Applauds ‘Smooth Transition’ Away from LIBOR

By Editors | 05/04/2022

The FSB highlights a need to continue building liquidity in RFR-based products, use SOFR across global markets, and plan for the remaining USD LIBOR settings to cease.

Market Infrastructure

BOJ Publishes Details on Planned Bank Examinations for Fiscal 2022

By Manesh Samtani | 05/04/2022

Key areas of focus for the BOJ will be to assess how banks are managing climate risk, credit risk, cross-border loans, and cybersecurity.

ESG / Sustainability

RBI Identifies Faults in Risk, Compliance, Audit Functions

By Sanday Chongo Kabange | 05/04/2022

The RBI has bolstered its supervisory focus at banks amid findings of compliance, risk management and internal audit weaknesses.

Fintech / Regtech

PBOC to Expand CBDC Pilot to Additional Chinese Cities

By Editors | 05/04/2022

The e-CNY has been tested in ten cities. The PBOC will extend the pilot to additional cities including Hangzhou, which will host the Asian Games in September.

Market Infrastructure

UK Regulators to Review LME’s Handling of Nickel Disruption

By Editors | 05/04/2022

The FCA will review LME’s approach to managing the suspension and resumption of the nickel market, while the BOE will review LME Clear.

Market Infrastructure

Singapore CSA Developing Technical Reference on Cybersecurity

By Editors | 05/04/2022

The Technical Reference will provide guidance on the adoption of tiered cybersecurity measures to address the different risk profiles of enterprises.

Market Infrastructure

HKMA Issues Guidance on Customer Data Protection

By Editors | 04/04/2022

The guidance highlights the need for banks to put in place effective data governance frameworks and control measures to protect their customer data.