Liquidity Risk

FSB, IOSCO Set to Propose Reforms to Address Fund Liquidity Risk

16/06/2023

The FSB and IOSCO said that they will both be publishing consultation papers on liquidity risk management in early July.

PEPs & Sanctions

OFAC Sanctions Two North Koreans Living in Beijing

16/06/2023

The husband and wife allegedly work for a North Korean state organisation that helps procure equipment for weapons programmes.

Anti-Money Laundering

India to Bring Lawyers Under AML Regime – Report

16/06/2023

Lawyers have reportedly expressed concerns that the plan would have an adverse impact on client attorney privilege.

Structural Regulation

MAS Supports Balanced Approach to BNPL Regulation

16/06/2023

MAS said overly strict regulations would unnecessarily restrict BNPL providers and limit consumer choices.

Supervision & Enforcement

UK Unveils Measures to Increase Corporate Accountability for Crime

16/06/2023

Under the reform plan, businesses involved in fraud, money laundering, and bribery will be subject to stricter scrutiny.

PEPs & Sanctions

Russia to Enact Legislation Allowing it to Seize Western Assets

16/06/2023

The legislation would enable the Russian government to appropriate the assets of Western companies at significant discounts.

Structural Regulation

Faster Progress Needed to Enhance EU Capital Markets: IMF

15/06/2023

IMF managing director Kristalina Georgieva highlighted key priorities to enhance Europe’s capital markets.

Payments & Settlements

BSP Proposes Enhance Guidelines for Electronic Fund Transfers

15/06/2023

In the event of unsuccessful transactions, financial institutions must return the amount to the sender within one hour.

Cryptocurrency

ESMA Sets Out Plans for Crypto Rule Consultations

15/06/2023

With MiCA now in force, ESMA said it would consult on a range of technical standards that will be published in three packages.