Fintech / Regtech

HKMA to Develop Additional Safeguards for Bank Customers

20/04/2022

A fresh review of the Banking Code of Practice has been launched, covering information disclosure, customers’ finance management, and dispute handling.

AML / KYC

Countries Must ‘Redouble Efforts’ to Fight Financial Crime: FATF

19/04/2022

The FATF finds that countries have made “huge progress” in improving technical compliance, but many still face substantial challenges in taking effective action.

ESG / Sustainability

JPX Issues Framework for Digitally Tracked Green Bonds

19/04/2022

JPX also announced a partnership with Hitachi, Nomura Securities and BOOSTRY to issue the first publicly-offered bonds under the new framework.

AML / KYC

FSA Offers Update on Work to Strengthen Japan’s AML System

17/04/2022

Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new ‘beneficial ownership list system’ has been established.

Fintech / Regtech

BOJ Offers Clues on Path Forward for CBDC Issuance

15/04/2022

The BOJ has commenced phase two testing on a CBDC. Later this fiscal year, it plans to seek input from the public on how a CBDC might benefit businesses and the overall payments landscape.

Sri Lanka to Temporarily Stop Servicing Foreign Debt

14/04/2022

The government is suspending repayment of foreign debt pending the completion of a loan restructuring programme with the IMF.

Market Infrastructure

DSB Publishes Draft Legal Documentation for Future UPI Users

12/04/2022

The expected UPI reporting timeline has been revised to late Q4 2023 instead of Q3 2022, which the DSB says will help market participants’ implementation efforts.

AML / KYC

Crypto Firms and Sanctions: Five Tools for Compliance

12/04/2022

Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.

Securities / Derivatives

CSRC Takes Steps to Boost Confidence in Capital Market

11/04/2022

The CSRC pledged to support companies’ capital raising efforts, encourage asset managers to buy up equities, and encourage listed companies to buy back shares and raise dividends.