Fintech / Regtech

PBOC Issues Guidance on Using Open Source Technology

28/10/2021

FIs are encouraged to actively participate in the development of “international and domestic” open source technology communities.

Capital / Liquidity

BOT Relaxes Mortgage Lending Rules to Boost Property Market

28/10/2021

The BOT is allowing LTV ratios of up to 110 percent, including top-up loans for home decoration, for first homes priced below THB 10 million.

Market Infrastructure

China Proposes Revisions to CPA Law to Improve Audit Quality

28/10/2021

The revisions allow for foreign regulators to sign a regulatory cooperation agreement or memorandum with the State Council if they wish to access audit work papers.

AML / KYC

FATF Issues New Report on Digitalisation of FIUs

28/10/2021

The report outlines how FIUs can benefit from the adoption of digital tools, including through improved data utility, analytical capacities, and STR management.

AML / KYC

Korea, UAE to Strengthen Cooperation on AML Efforts

28/10/2021

KoFIU and UAE’s FIU have signed an MoU agreeing to strengthen bilateral cooperation and exchange AML/CTF information.

Securities / Derivatives

China Expands Futures Law to Include OTC Derivatives

28/10/2021

ISDA says the revised draft incorporates several comments it made in its submission to the consultation on the first draft.

Enforcement

SFC Bans Former StanChart Licensee for Life

28/10/2021

The former licensee failed to disclose to the SFC in licensing applications that he was the subject of a criminal investigation.

Fintech / Regtech

Singapore Sees Launch of DLT-based Payment Platform, Partior

27/10/2021

With its genesis in MAS’ Project Ubin, Partior was founded by DBS, JPMorgan and Temasek last year seeking to disrupt the traditional cross-border payments model.

Fintech / Regtech

Nigeria Launches Central Bank Digital Currency, eNaira

27/10/2021

The eNaira is expected to boost cross-border trade and financial inclusion, improve transaction efficiency, and make monetary policy more effective.