Posts By Editors, Regulation Asia
-
461Fintech / RegtechMAS to Streamline Data Submissions, Reduce Burden for FIs
Financial institutions will be allowed to decline MAS requests for previously-submitted data; new regulatory returns to be submitted in machine-readable formats.
-
416Enforcement
MAS, CAD to Jointly Investigate All Capital Markets, Financial Advisory Offences
MAS and CAD will consolidation investigative resources and expertise for all capital market and financial advisory offences, effective 17 March.
-
421EnforcementS. Korea FSS Chief Resigns Amid Hiring Scandal Allegations
Choe Heung-sik denies allegations he helped a friend’s son get a job while he was president of Hana Financial Group; resigns anyway.
-
378Fintech / RegtechSouth Korea’s FSC Proposes Fintech Link with Indonesia
Choi Jong-koo also lobbies to allow Korean firms to expand their business remits in the Southeast Asian country.
-
446Asia-PacificVietnam Announces Risk Hedging Rules for Warrant Issuers
Hi Chi Minh Stock Exchange to launch covered warrants in late March; issuers required to hold adequate underlying securities and submit daily reports to the exchange.
-
734Asia-PacificSri Lanka to Bail Out Finance Company Depositors
The central bank has cancelled troubled finance company CIFL’s licence and doubled the maximum deposit insurance payout for each depositor.
-
425AML / KYCCredit Reporting Regime Must Be Fair: ABA
Banking association says new regime needs a way to flag special circumstances in credit histories to prevent discrimination against customers.
-
492AML / KYCNew Initiative to Help Boost Correspondent Banking Relationships
Wolfsberg Group Questionnaire has potential to reduce costs associated with KYC application and streamline the establishment and maintenance of correspondent banking relationships.
-
396EnforcementSBI Fined for Noncompliance with Counterfeit Currency Rules
Central bank investigators found that State Bank of India had not complied with rules on detection and impounding of counterfeit notes.
-
373Asia-PacificThailand, Indonesia Boost Capital Markets Cooperation
Extension of MoU includes cooperation on cross-border transactions, product development, information technology and knowledge sharing.
