Conduct, Culture & Accountability

Westpac Penalised in Consumer Credit Insurance Mis-selling Case

08/04/2022

Westpac issued consumer credit insurance policies to customers who did not request the product, then asserted a right to payment which customers were not liable for.

CBDCs

European Commission Launches Targeted Consultation on Digital Euro

07/04/2022

The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.

Cryptocurrency

Thai Crypto Firms Required to Issue Transaction Reports to Clients

07/04/2022

From 1 May, crypto businesses have to submit reports to customers within one day after a transaction is complete, allowing them to view records going back 18 months.

Liquidity Risk

ECB Refuses Energy Traders’ Request for Emergency Liquidity

07/04/2022

The European Federation of Energy Traders had asked for a fund that could provide emergency liquidity support to support the functioning of energy markets.

Anti-Money Laundering

Singapore Jails Man for Money Laundering, Email Fraud

07/04/2022

The man received funds in his and his company’s bank accounts that were derived from chearing offences perpetrated overseas and locally.

Structural Regulation

EU Banks Seek Easing of Proposed Rules for Third Country Banks

07/04/2022

Banks are reportedly concerned that measures proposed in October will make it harder to access international markets and cross-border services.

Payments & Settlements

SEBI Raises Limit for Equity Investments via UPI Mechanism

07/04/2022

The limit for individual investors applying in public issues of equity shares and convertibles using the UPI mechanism is being increased.

Climate Risk

Financial Institutions Underestimating Climate Risk: IPCC Report

07/04/2022

Transparency alone is insufficient to drive the required asset reallocation in the absence of clear regulatory frameworks, the report says.

Structural Regulation

SEBI Clarifies New Related Party Transaction Rule

07/04/2022

Related party transactions approved before 1 April under the old rules will require approval from shareholders.