Anti-Bribery & Corruption

The Sentry Calls for Action to Stop Kleptocracy Enablers

04/10/2022

New report offers recommendations to target bankers, lawyers, and accountants who provide advice and support to violent kleptocracies and corrupt networks.

Structural Regulation

Indonesia Publishes New Guidelines for Using IndONIA

04/10/2022

The guide covers the use of IndONIA in business credit, consumer credit, trade finance, and derivative products, as well as rupiah FRNs.

Credit Risk

China Cuts Mortgage Rates for First-time Home Buyers

04/10/2022

Local governments will be allowed to relax interest rate floors for first-home buyers. Tax refunds are available for those selling their home to buy a new one.

Liquidity Risk

BCBS Finds Japan NSFR Compliant, Largely LEX Compliant

03/10/2022

Japan’s final NSFR rules took effect from 30 September 2021. The rules to implement the LEX framework came into force on 1 April 2020.

Payments & Settlements

NPCI, TerraPay Partner on Cross-Border Payments

03/10/2022

The partnership will allow Indian customers and merchants in India with an active UPI ID to make and accept cross-border payments globally.

Market Abuse

Hong Kong Charges 13 in Suspects Over Ramp-and-Dump Scheme

03/10/2022

The suspects allegedly used different social media platforms to manipulate the trading in the shares of two Hong Kong-listed companies.

Credit Risk

South Korea Extends Loan Forbearance Programme for Businesses

03/10/2022

The extension takes effect from 4 October, the same day applications for the New Start Fund open for small merchants and the self-employed.

Conduct, Culture & Accountability

Australian Court Dismisses ASIC Lawsuit Against CBA

03/10/2022

The Federal Court ruled that ASIC failed to establish that CBA received conflicted remuneration when distributing Colonial First State’s superannuation product.

Anti-Money Laundering

FINRA Issues New Penalties Guidance for Rule Violations

03/10/2022

Large firms face penalties with no upper limit if they fail to reasonably monitor for and report suspicious transactions.