Cryptocurrency

India Set to Introduce Bill Banning Private Cryptocurrencies

01/02/2021

The proposed bill will also provide for the creation of a framework for an official digital currency that will be issued by the RBI.

Operational Risk

APRA Releases Policy, Supervision Priorities for 2021

01/02/2021

Priorities include updates to the prudential standards on remuneration, resolution and recovery planning, operational risk, governance and risk management.

PEPs & Sanctions

Xiaomi Files Suit Against US Govt Over Investment Ban

01/02/2021

The lawsuit says banning US investors from being able to invest in Xiaomi will “cause immediate and irreparable harm” to the company and hurt its global reputation.

Conduct, Culture & Accountability

ASIC Governance Review Clears Chairman of Wrongdoing

01/02/2021

James Shipton has temporarily returned to his role as chair, but will step down in the coming months. Treasury will search for a new chairperson.

Fraud, Scams & Cybercrime

Former NAB Executive Jailed Over Scheme to Defrauding Bank

01/02/2021

An events company was issuing and sending invoices to NAB and the former executive was receiving bribes to ensure they were paid.

Resolution & Recovery

HKMA Drafts Guidance on Operational Continuity in Resolution

01/02/2021

Operational continuity in resolution is a key aspect of resolution planning for individual banks, the HKMA says.

Cybersecurity

UPDATED – KPMG Appointed to Review RBNZ Data Breach Response

01/02/2021

The review will seek to understand the events leading up to the breach, assess the appropriateness of the RBNZ’s response, and identify factors that contributed to the breach.

Trading & Investment

CSRC, Exchanges Issue Final Rules for Index Funds

01/02/2021

The rules seek to strengthen the professional competence of index fund managers, enhance the quality of underlying indexes used, and improve risk control.

KYC & CDD

How Financial Institutions View Digital Identity: Survey

01/02/2021

RUSI and ACAMS have launched a new survey seeking to better understand the potential for digital ID to aid in the fight against financial crime.