Posts By Manesh Samtani, Regulation Asia
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356EuropeBanks Scrap Dividends, Buybacks Amid Regulatory Pressure
HSBC and Standard Chartered are among the banks that have scrapped their 2019/2020 dividends and agreed not to buy back shares.
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319Big PictureShort-selling Bans Fail to Achieve Positive Effects: WFE
In Asia, South Korea, Malaysia and Indonesia have imposed short-selling bans, while Thailand, Taiwan and India have tightened their rules to make the practice more difficult.
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305Capital RegulationPBOC Cuts Rates as Banks Prepare for More Bad Debt
Small- and mid-sized banks are likely to struggle more as they have less capital in reserve and fewer state borrowers they can call on.
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362Capital RegulationMalaysia: Lenders Need Not Assume Higher ECL for Rescheduled Debt
Given that regulatory action is driving debt rescheduling, lenders need not simply assume lifetime expected credit losses under MFRS 9 are relevant for all receivables.
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1.3KAML / KYCHolding the Line on Ultimate Beneficial Ownership
Financial institutions need to ensure that UBO information on customers is complete and accurate, but this is only half the battle, says Refinitiv’s Phillip Malcolm.
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286FeatureMAS Revises Code on Collective Investment Schemes
The changes extend the requirements imposed on approved trustees and managers to VCCs, VCC directors and VCC custodians, while also introducing a best interest duty.
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409Asia-PacificASIFMA Calls for Global Coordination of Sustainability Efforts
Fragmented approaches to sustainable finance may ultimately undermine the development of sustainable finance through increased complexity and lack of coordination.
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466AML / KYCAML Controls Are Ineffective at Stopping Crime, Says Policy Expert
Policy effectiveness expert Dr Ronald F Pol says the current anti-money laundering system only results in 0.1% of the proceeds of crime actually being seized.
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335AML / KYCFinancial Secrecy Index Ranks Hong Kong, Singapore in Top Five
The Tax Justice Network has released its 2020 rankings of jurisdictions according to their secrecy and the scale of their offshore financial activities.
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320Market Infrastructure
MAS 610/1003 Pilot Testing Gateway Set for April Launch
A six-month parallel reporting phase for the new MAS 610/1003 returns was meant to start from 1 April, but this was pushed forward by three months earlier in the year.
