Structural Regulation

Taiwan Allows Brokers to Sell Wider Range of Trust Products

10/11/2022

The revisions also simplify application procedures and allow securities firms to provide financial planning services to clients through trusts.

Capital Adequacy

EU Council Agrees Position on Basel III Implementation

10/11/2022

The Council has retained the 1 January 2025 start date for implementation proposed by the European Commission a year ago.

Cryptocurrency

HashKey Obtains New Approvals in Hong Kong, Singapore

10/11/2022

HashKey has full approval to operate a crypto trading platform in Hong Kong and in-principle approval to offer fund management services in Singapore.

Credit Risk

OJK Indonesia Launches New Platform for Credit Checks

10/11/2022

The platform will enable debtors to check their own credit records and held lenders decide whether to grant credit to customers.

PEPs & Sanctions

OFAC Redesignated Tornado Cash to Link to DPRK WMD Programme

10/11/2022

The August designation did not connect Tornado Cash to North Korea’s nuclear programme.

Cryptocurrency

StanChart to Consider Offering Retail Crypto Services in Hong Kong

10/11/2022

CEO Bill Winters said Standard Chartered Bank will consider offering crypto trading services to Hong Kong retail customers.

Reporting & Disclosures

UN Panel, IOSCO Call for Action to Stop Greenwashing

10/11/2022

A UN expert group says companies claiming to be on a path to net zero cannot also be building or investing in new fossil fuel assets.

Payments & Settlements

BSP Proposes to Launch New Intraday Liquidity Facility

09/11/2022

Proposed rules governing the intraday liquidity facility are being circulated among banks and non-banks.

Tokenisation

HSBC to Launch Tokenisation Platform for Digital Bond Issuance

09/11/2022

HSBC said the European Investment Bank is exploring using the platform to issue the market’s first-ever GBP tokenised bond.