Payments & Settlements

BIS Launches New Innovation Hub Centre in Toronto

17/06/2024

The Toronto Innovation Centre will initially focus on next-generation financial market infrastructures, suptech, and open finance.

Trading & Investment

More ETFs Will be Added to Stock Connect on 22 July

17/06/2024

The AUM and index weighting requirements have been relaxed to include more HK- and mainland-listed ETFs in Stock Connect.

Conduct, Culture & Accountability

HKEX Proposes Enhancements to Corporate Governance Code

17/06/2024

The new requirements aim to enhance risk management as well as board effectiveness, independence and diversity.

Payments & Settlements

BIS Innovation Hub to Explore RTGS to DLT Interoperability

17/06/2024

Project Meridian FX will explore interoperability between RTGS systems and new payments technologies like DLT.

Credit Risk

BNM Issues Framework on Standardised Approach to Credit Risk

17/06/2024

The framework will come into effect on 1 July 2026, one year later than initially proposed in January 2023.

Anti-Money Laundering

Malaysia SC Issues Revised AML/CFT/CPF Guidelines

17/06/2024

The updated guidelines include requirements to identify and perform due diligence on counterparty VASPs before transmitting information to them.

PEPs & Sanctions

G7 Leaders Issue Joint Sanctions Warning Against China

17/06/2024

The G7 vowed to take measures against actors in China that materially support Russia’s “war machine”, including FIs.

PEPs & Sanctions

EU Sanctions Package Delayed Over Verification Rule

16/06/2024

Germany fears that its exporters could be impacted by requirements to verify that customers are not transshipping goods to Russia.

PEPs & Sanctions

Indian Banks Calls on Government to Set Up “OFAC Cell”

16/06/2024

Bankers say an “OFAC cell” created within the DFS could help them minimise the risks of sanctions non-compliance.