Sustainable Finance

RBI Issues ‘Green Deposits’ Framework for Banks, NBFCs

12/04/2023

The allocation of funds raised through green deposits shall be subject to independent third-party verification and assurance each year, the RBI says.

Trading & Investment

CFTC Fines Goldman Sachs for Swaps Conduct Failures

12/04/2023

The CFTC said Goldman touted supposed benefits of same-day swap transactions to clients, but not the corresponding costs.

Cloud & Infrastructure

RBI Finalises Rules for Outsourcing of IT Services by Banks

12/04/2023

RBI approval is not required for IT outsourcing arrangements, but they should be subject to on-site or off-site monitoring and inspection by regulators.

Emerging Prudential Risks

BOJ Gets First New Governor After Ten Years

12/04/2023

Kazuo Ueda plans to maintain ultra-loose monetary policy but signalled an openness to tweaking the BOJ’s yield control policy.

Fraud, Scams & Cybercrime

Hong Kong Announces New Measures to Combat Phone Scams

12/04/2023

Implementation of an “SMS sender name” registration system will begin in the banking industry by the end of this year.

Market Abuse

Korean Authorities Investigate Kakao for Market Manipulation

11/04/2023

The FSS is investigating whether Kakao manipulated the stock price of K-pop agency SM Entertainment.

Structural Regulation

FSC Korea Tightens Regulations on Bank Closures

11/04/2023

The changes are intended to better protect consumers from sudden decisions by lenders to wind down operations, as seen in the case of Citibank Korea in late 2021.

Alternative Markets

SEBI Mandates Direct Plan, Trail Fee Model for AIFs

11/04/2023

SEBI said AIFs should ensure onboard investors who approach them through a SEBI-registered intermediary are onboarded via direct plan.

Alternative Markets

FSC Korea Unveils Policy Measures to Bolster Startup Ecosystem

11/04/2023

The measures aim to address the challenges startups and venture capital firms face amid a slump in investment sentiment.