International

Liquidity Risk

FSB to Revise Recommendations on Fund Liquidity Management

By Editors | 15/12/2022

Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.

Capital Adequacy

Global Banking System More Resilient After Basel Reforms: BCBS

By Editors | 15/12/2022

Banks that were more heavily affected by the Basel III reforms saw a greater reduction in their cost of capital, the BCBS said.

Structural Regulation

GLEIF Confirms Utility of Embedding LEI in eSeals

By Editors | 14/12/2022

In a PoC, GLEIF demonstrated that embedding LEIs in eSeals allowed Japanese and European entities to transact digitally with greater trust.

Sustainable Finance

HSBC to Stop Financing Oil and Gas Fields

By ESG Investor | 14/12/2022

HSBC has updated its oil and gas policy, which includes a commitment to no longer finance new oil and gas fields.

Fraud, Scams & Cybercrime

FTX Founder Arrested, Charged by SEC, SDNY, CFTC

By Sanday Chongo Kabange | 14/12/2022

US authorities have charged Sam Bankman-Fried for defrauding customers, investors, lenders, and campaign finance violations.

Sustainable Finance

ISDA Launches Standard Definitions for Voluntary Carbon Markets

By Editors | 14/12/2022

The new documentation will bring greater legal certainty and consistency to trading in verified carbon credits, ISDA says.

Capital Adequacy

Following Yonder Star: Predicting the Path of the Basel Accord

By Jamie Lloyd Evans | 14/12/2022

As the Christmas period approaches, Regulation Asia contributor Jamie Lloyd Evans offers a light-hearted prediction on the future of the Basel Accord.

Cryptocurrency

EU Commission Proposes New Tax Transparency Rules for Crypto

By Editors | 13/12/2022

New requirements to report crypto-asset, e-money and digital currency transactions are expected to enter into force on 1 January 2026.

Market Abuse

EU Commission Accuses Two Banks of Cartel Conduct

By Editors | 12/12/2022

Deutsche Bank and Rabobank traders allegedly exchanged commercially sensitive information and coordinated pricing and trading strategies on government bonds.