Conduct, Culture & Accountability

SFC Fines Asset Manager for Short Position Reporting Errors

23/02/2021

The SFC found that 7,814 short positions held by collective investment schemes managed by Brilliance Asset Management were either misstated or omitted.

Trading & Investment

HKEX Probes for Rule Violations by Retail IPO Investors

22/02/2021

Brokers involved in the New Horizon Health IPO have been asked to provide information on the retail investors who were allotted stocks.

Data Privacy

BSP to Draft Data Governance Policy for Financial Institutions

22/02/2021

The new regulatory framework will guide banks and other financial institutions on how they use and handle electronic information that they collect from customers.

Trading & Investment

Malaysia Extends Restrictions on Intraday Short Selling

22/02/2021

The six-month extension will enable Bursa Malaysia to enhance its control measures for intraday short selling activities in order to promote market stability.

Anti-Money Laundering

New Report Identifies 11 Indicators of Modern Slavery Risk

22/02/2021

Based on an analysis of globally prosecuted cases of modern slavery, FairSupply Analytics has identified 11 indicators to help FIs detect modern slavery.

Cybersecurity

RBI Enhances Security Requirements for Digital Payment Apps

21/02/2021

The RBI has set out new prescriptive guidelines on the security protocols that need to be adopted in digital payment applications.

Payments & Settlements

BIS, SWIFT Invite Firms to Participate in ISO 20022 Hackathon

21/02/2021

Participants will be asked to develop and showcase solutions that improve cross-border payments, using the ISO 20022 standard and APIs.

Trading & Investment

China Considers Easing Restrictions on Offshore Investment

21/02/2021

Regulators will explore the feasibility of allowing individuals to use their annual foreign exchange quotas to invest in overseas markets.

AI Risk & Governance

80pc of Central Banks Use Big Data to Support Policy Efforts

21/02/2021

Many central banks have undertaken initiatives to develop big data platforms to facilitate storage and processing of large data sets, but progress has varied.