AML / KYC

Wolfsberg Group Endorses APAC Toolkit for Tackling Human Trafficking

26/04/2019

The Wolfsberg Group has endorsed the latest Anti Human Trafficking Toolkit from the Thomson Reuters Foundation, tailored for use in Asia Pacific by banks and financial institutions.

Market Infrastructure

MAS Issues Update to E-Payments User Protection Guidelines

26/04/2019

The update addresses situations where customers choose to receive fewer transaction notifications, which could affect their ability to monitor for unauthorised transactions.

Securities / Derivatives

MAS Seeks to Strengthen Singapore as a Global Hub for FX Trading

26/04/2019

MAS has reportedly been encouraging major FX players to build their systems, trading engines and data centres locally to reduce latencies from routing trades through other FX hubs.

Market Infrastructure

BSP Issues Draft Rules for Implementing National Payment Systems Act

26/04/2019

The Philippine central bank has issued a draft circular to support its new mandate as the primary regulator for the country’s payment systems.

Market Infrastructure

Japan OTC Derivatives Regime Deemed Equivalent Under EMIR

26/04/2019

The European Commission recognises Japan’s rules on valuation, dispute resolution and margin exchange for uncleared OTC derivative contracts as equivalent to EMIR.

Uncategorised

HKMA, SFC Find Opaque Financing Practices at Mainland Owned Banking Group

25/04/2019

Coordinated inspections found that a licensed corporation owned by a subsidiary as well as a bank within a Mainland-based group had adopted “complex, opaque financing arrangements”.

Market Infrastructure

Shanghai, Switzerland to Explore Development of Stock Connect

25/04/2019

Under an updated MoU, the Shanghai Stock Exchange and SIX Swiss Exchange to explore the feasibility of developing a stock connect programme.

Market Infrastructure

Shenzhen, Thailand Stock Exchanges to Develop Cross Border Products

25/04/2019

An MoU sign by the SZSE and SET this week will facilitate the development of cross-border products such as ETFs, depositary receipts, indices and green finance products.

Fintech / Regtech

UPDATED – K-Bank Financing Plan Halted Amid Antitrust Probe

25/04/2019

KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.