Anti-Bribery & Corruption

HK Authorities Sign Anti-Corruption MoU for Insurance Industry

30/10/2023

The IA and ICAC will strengthen collaboration on case referrals, investigations, information exchange, public education and professional training.

Credit Risk

APRA Adopts Changes to Credit Risk Reporting Standard

30/10/2023

The reporting standard for counterparty credit risk is being amended so it only applies to significant financial institutions.

Fraud, Scams & Cybercrime

OCBC Stops Using SMS as Default Notification Method

30/10/2023

Customers will receive alerts about payments and fund transfers through push notifications and e-mails, unless they specifically opt for SMS.

PEPs & Sanctions

OFAC Targets Hamas Finances With New Sanctions

30/10/2023

The new designations underscore the “critical role Iran plays” in providing support to Hamas, said deputy Treasury secretary Wally Adeyemo.

Trading & Investment

SEBI Again Extends Agri-Derivatives Trading Suspension

30/10/2023

The suspension of trading, initially imposed due rising food inflation, will remain in place until 20 December 2024.

Trading & Investment

First Saudi-focused ETF to Launch in Hong Kong ‘Soon’

30/10/2023

The new ETF, managed by CSOP Asset Management, will allow investors to access Saudi Arabia’s 50 most valuable companies.

Clearing & Post-Trade

ESMA Forced to Pause Withdrawal of UAE CCP Recognition

30/10/2023

ESMA’s decision to withdraw its recognition of the Dubai Commodities Clearing Corporation is effectively suspended.

CBDCs

BIS Publishes Design Guide for Offline CBDC Payments

30/10/2023

The report says the complexity of developing offline payment capabilities for CBDC systems means some challenges and trade-offs cannot be solved easily.

Clearing & Post-Trade

ESMA Recognises Indonesia’s IDClear as Third Country CCP

29/10/2023

The recognition will make it easier and more cost-effective for European counterparties to access Indonesia’s derivatives market.