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Capital / Liquidity
CBSL Issues Fresh Instruction on Consolidated SLAR Reporting
By Duruthu E Chandrasekera | 28/11/2022
The CBSL is working to address a local currency liquidity deficit in the banking system. Banks can continue to hold 90% NSFR until year-end.
ESG / Sustainability
ClientEarth, AIGCC Offer Asia Guidance on Climate Resolutions
By ESG Investor | 28/11/2022
Different tactics are required across the region for institutional investors looking to hold corporates to account on net zero strategies.
AML / KYC
DOJ Charges Two for Fraud Involving Fake Crypto Mining Operation
By Editors | 28/11/2022
Two Estonians induced victims to enter into “fraudulent equipment rental contracts” and to invest in a fake digital currency bank.
Press Release
Kaizen’s Single Rulebook Recognised for Change Management Solution
By Editors | 28/11/2022
Part of Kaizen Reporting, Single Rulebook was created in May 2019 to provide an easier and more cost-effective way of managing a changing regulatory landscape.
Capital / Liquidity
HKMA Confirms Decision to Defer Implementation of Basel III Reforms
By Editors | 28/11/2022
Hong Kong’s implementation of the Basel III final reform package is being deferred to allow the industry more time to prepare.
AML / KYC
EU States Start Closing Access to Beneficial Owners Registers
By Manesh Samtani | 28/11/2022
Luxembourg, Netherlands, Belgium, Austria and Malta have closed public access to their beneficial ownership registers following an EU Court of Justice ruling.
Securities / Derivatives
CSRC Grants Mutual Fund Licence to Neuberger Berman
By Editors | 28/11/2022
Neuberger Berman was granted approval to set up a wholly-owned mutual fund business in China in September 2021, but has since been waiting for an operating licence.
Crypto / Digital Assets
BOJ to Involve Banks in CBDC Testing Around April 2023
By Sanday Chongo Kabange | 28/11/2022
The BOJ’s next phase of CBDC testing will involve Japan’s three megabanks as well as regional banks. A digital yen could be issued in 2026.
Capital / Liquidity
SFC Proposes Risk Management Guidelines for Futures Brokers
By Editors | 28/11/2022
The guidelines strengthen requirements for futures brokers to safeguard client assets, put in place trading controls, and set prudent client limits.
AML / KYC
Authorities from Ten Countries Take Down Spoofing Website
By Editors | 28/11/2022
Europol says the website offered services that enabled fraudsters to impersonate companies including banks to access sensitive information from victims.
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