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Crypto / Digital Assets
More Than 500 Banks Have Now Adopted ‘Swift Go’
By Editors | 30/11/2022
Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.
AML / KYC
GLEIF Enables LEI Mapping for S&P Global Company IDs
By Editors | 30/11/2022
GLEIF already provides ISIN-LEI, BIC-LEI and MIC-LEI mapping certification, and has been encouraging data vendors to map their identifiers to the LEI.
Securities / Derivatives
Korea to Limit Cross-shareholdings by Insurers in Affiliates
By Editors | 30/11/2022
Proposed bill targets Samsung Life Insurance, which controls a significant portion of the issued shares in Samsung Electronics.
Crypto / Digital Assets
Lawmakers Propose Bill to Prevent FTX-Style Collapse in Korea
By Editors | 30/11/2022
The bill, if passed, will require crypto exchanges to segregate users’ assets, buy insurance against hacking, and compensate users for unexpected withdrawal halts.
Capital / Liquidity
PBOC Calls on Chinese D-SIBs to Improve TLAC
By Editors | 30/11/2022
The G-SIBs are encouraged to improve their TLAC internal planning and management mechanisms and issue TLAC non-capital bonds in offshore markets.
Fintech / Regtech
Experian Appointed Bureau Operator for Singapore BNPL Industry
By Editors | 30/11/2022
Experian will facilitate creditworthiness checks for consumers using credit information submitted by all accredited BNPL players in Singapore.
Capital / Liquidity
MAS Plans to Adopt BCBS Risk Weights for Cryptoassets
By Manesh Samtani | 30/11/2022
MAS will require Singapore banks to apply a 1250% risk weight for exposures to Bitcoin and Ether, pending the finalisation of the BCBS framework.
AML / KYC
FATF Re-rates China on Two More Recommendations
By Editors | 30/11/2022
China was re-rated for progress made in the implementation of PF-related targeted financial sanctions and on beneficial ownership transparency.
Market Infrastructure
FSC Korea to Ease Regulations to Lure Global Investors
By Sanday Chongo Kabange | 30/11/2022
Foreign investors will no longer need to register their identities prior to investing in Korean stocks. The dividend-payment process is also being revised.
Market Infrastructure
CPMI, IOSCO Identify Cyber Resilience Weaknesses at Some FMIs
By Editors | 30/11/2022
Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.
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