Market Abuse

SEBI Fines NSE, Officials, Brokers in Colocation Case

02/07/2022

SEBI fined the NSE, five officials, Sampark Infotainment, two brokerage firms and nine other individuals connected to the case.

Sustainable Finance

SC Malaysia Launches New Framework for SRI-Linked Sukuk

02/07/2022

Issuers can use SRI-linked sukuk proceeds for general purpose, subject to their commitments to future improvements for sustainability outcomes within a predefined timeline.

Liquidity Risk

APRA Concludes Post Implementation Review of LCR, NSFR

02/07/2022

The LCR and NSFR are operating effectively, but there are potential improvements that could be made to improve efficiency, APRA says.

Conduct, Culture & Accountability

BNM Issues New Rules for Banks Selling Insurance & Takaful Products

02/07/2022

The board and senior management shall be held “jointly accountable” for bancassurance/bancatakaful products that result in “poor consumer outcomes”.

Anti-Money Laundering

Limited Progress Made on Travel Rule Implementation: FATF

01/07/2022

Jurisdictions have made “only limited progress” over the last year to implement the travel rule in the crypto industry, the FATF says.

Cryptocurrency

MAS Reprimands Crypto Hedge Fund Three Arrows Capital

01/07/2022

MAS said Three Arrows Capital exceeded its allowable AUM and gave the regulator a false representation. The company entered into liquidation this week.

Data Privacy

China Proposes New Cross-Border Data Transfer Mechanism

01/07/2022

Eligible companies can transfer data across borders by signing standard contracts with overseas recipients that align with China’s data protection law.

Structural Regulation

GFXC Launches New Tool to Drive Adoption of FX Global Code

01/07/2022

The new web-based prototype tool will reduce the barriers to signing the Code and encourage adoption by more buy-side firms.

Climate Risk

HKMA to Integrate Climate Risk in Supervisory Processes

01/07/2022

Climate risk management will be a standing item in annual prudential meetings with banks. The CAMEL rating framework will be updated.