Conduct, Culture & Accountability

SFC Bans Two Ex-Licensees Over Use of Client Accounts

12/11/2021

One former representative effected discretionary trades in clients’ accounts without authorisation. The other traded his own stocks from a client’s accounts.

Payments & Settlements

Malaysia Joins PoC Project to Test Cross-border Payment Links

11/11/2021

BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.

Anti-Money Laundering

APG Re-rates Sri Lanka on One FATF Recommendation

11/11/2021

Sri Lanka extended its foreign exchange declaration requirements to include the full range of bearer negotiable instruments, in line with Recommendation 32.

Anti-Money Laundering

Indonesia, UAE to Cooperate on Payments, Fintech, AML

11/11/2021

Central banks will cooperate on cross-border payments, fintech, and AML. Financial services regulators will cooperate on developing the Islamic finance industry.

Supervision & Enforcement

FSS Faces Criticism Over Revamp of Supervisory Approach

11/11/2021

South Korea’s FSS will shift focus from disciplinary actions to risk prevention, according to FSS governor Jeong Eun-bo.

Trading & Investment

More than 400 VCCs Established in Singapore to Date: MAS

11/11/2021

As of mid-October, about 300 asset managers have incorporated or re-domiciled more than 400 VCCs in Singapore.

Trading & Investment

SEBI to Consider Opening Up Commodity Market to FPIs

10/11/2021

Currently FPIs can participate in the exchange-traded commodity derivatives only if they have actual exposure through exports and imports.

Emerging Prudential Risks

Fed Warns of Spillover Risk from China Property Markets

09/11/2021

Financial stresses in China could strain global financial markets and affect the US, the Federal Reserve says in its financial stability report.

Emerging Prudential Risks

BCBS Offers Progress Update on Climate, Cryptoasset Work

09/11/2021

The BCBS will issue a consultation this month on the effective management and supervision of climate-related financial risks at internationally active banks.