Liquidity Risk

BCBS, FSB Consider Changes to Global Banking Rules

19/04/2023

Fitch Ratings says global standard-setters may adjust the existing prudential and resolution frameworks, potentially making IRRBB a Pillar 1 requirement.

Trading & Investment

Two More Chinese Firms List GDRs in Switzerland

19/04/2023

The listings come despite last month’s reports that Chinese regulators had stopped accepting applications from mainland firms seeking to issue GDRs in Switzerland.

AI Risk & Governance

FSC Korea Issues Guidelines to Promote Safe Usage of AI Tech

19/04/2023

A verification system has also been introduced for use in examinations of AI-driven credit scoring models deployed by credit bureaus.

Trading & Investment

CSRC Issues Draft Rules for Futures Market Practitioners

18/04/2023

The draft rules cancel qualification management requirements, strengthen supervision and self-discipline requirements, and expand the range of prohibited behaviours.

Trading & Investment

NSE IFSC-SGX Connect to Fully Launch on 3 July

18/04/2023

SGX will migrate all open positions in SGX Nifty to the relevant NSE IFSC NIFTY contracts during the weekend of 30 June.

Anti-Bribery & Corruption

Chinese Court Sentences Ex-CDB Exec to 10 Years Jail

18/04/2023

The court found that Fu Xiaodong accepted bribes over 13 years while serving in senior positions at the China Development Bank.

Cryptocurrency

NYDFS Issues Final Rule on Bitlicense Assessment Fees

18/04/2023

Crypto firms with a Bitlicense will be billed five times each fiscal year, in part based on their size and complexity.

Payments & Settlements

Malaysia SC to Launch New Online Payment Platform

18/04/2023

The platform will enable an easier online payment process for regulatory, registration and application fees paid to the SC.

KYC & CDD

GDF Consults on Wolfsberg-style DDQ for VASPs

18/04/2023

The questionnaire is intended for use by VASPs and other financial institutions including banks for onboarding VASPs.