Structural Regulation

GFXC Launches New Tool to Drive Adoption of FX Global Code

01/07/2022

The new web-based prototype tool will reduce the barriers to signing the Code and encourage adoption by more buy-side firms.

Climate Risk

HKMA to Integrate Climate Risk in Supervisory Processes

01/07/2022

Climate risk management will be a standing item in annual prudential meetings with banks. The CAMEL rating framework will be updated.

Anti-Money Laundering

FATF Seeks Views on Improvements to Recommendation 25

30/06/2022

The review is intended to improve Recommendation 25 and its Interpretive Note to better meet its stated objective to prevent the misuse of legal arrangements.

Data Privacy

Thai SEC Launches Open Data Portal to Enhance Transparency

30/06/2022

The data centre provides information on business operators, licensed individuals, and the products available – including digital assets.

Trading & Investment

SEBI Announces Decision to Allow FPIs to Trade Commodity Derivatives

30/06/2022

FPIs will be allowed to trade non-agri commodity derivatives and select non-agri benchmark indices. Only cash-settled contracts will be allowed.

Conduct, Culture & Accountability

US SEC Fines EY for Employee Cheating on CPA Exams

30/06/2022

The settlement is largest penalty the SEC has ever imposed against an audit firm, double KPMG’s 2019 penalty.

KYC & CDD

Canadian Banks Collaborate on KYC Utility Project

30/06/2022

The five banks will collaborate with CanDeal Group to create a common data and regulatory experience for the industry.

Conduct, Culture & Accountability

ASIC Wins Appeal Against Payday Lenders Cigno, BHF Solutions

30/06/2022

ASIC is now considering using its broader product intervention powers to address consumer detriment in continuing credit contracts.

Fraud, Scams & Cybercrime

Korea to Launch Investigation Team to Combat Voice Phishing

30/06/2022

The plan was announced in response to the death of a small business owner who committed suicide after he was scammed out of more than KRW 160 million.