Clearing & Post-Trade

RBI to Require Reporting of OTC Gold Derivatives Trades

03/01/2025

Starting from 1 February, banks must report all OTC transactions in gold derivatives undertaken in domestic markets, GIFT City, and outside India.

PEPs & Sanctions

OFAC Sanctions Russian Judge for Jailing Human Rights Activist

03/01/2025

Olesya Mendeleeva is the first judge in Russia to find a defendant guilty under Russia’s war censorship laws.

AI Risk & Governance

RBI Forms Committee to Develop Regulatory Framework for AI

03/01/2025

The committee includes experts from IIT Bombay, NASSCOM, IIT Madras, MEITy, Trilegal, HDFC Bank, Microsoft, and the RBI.

Capital Adequacy

HKMA Finalises Guidance, Reporting Form for CCyB Framework

02/01/2025

Reporting institutions should submit the revised return form starting from the reporting position as of 31 March 2025.

Reporting & Disclosures

ASEAN Taxonomy Version 3 Takes Effect Following Revisions

02/01/2025

Version 3 of the ASEAN Taxonomy was revised before it took effect to provide greater clarity on the two new focus sectors.

Structural Regulation

SEBI Board Approves Plan to Tighten Merchant Banker Rules

02/01/2025

SEBI will raise the net worth requirement for merchant bankers and require them to maintain a quarter of this in liquid assets at all times

Supervision & Enforcement

Australia Seeks Input on Use of Legal Professional Privilege Claims

02/01/2025

Discussion paper seeks feedback on addressing improper use of legal professional privilege claims, such as to delay or hinder investigations.

Emerging Prudential Risks

Bangladesh Bank Issues Revised Stress Testing Guidelines for Banks

02/01/2025

The revised guidelines require all scheduled banks to conduct stress tests quarterly, including assessments of the impacts of climate-related risks.

KYC & CDD

Taiwan FIs to Connect ‘Financial Fast-ID’ Verification Systems

02/01/2025

A cross-system verification hub is being developed to connect the existing digital identity verification systems of various FIs.