Posts By Manesh Samtani, Regulation Asia
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115Asia-PacificBOT Concludes Project Inthanon’s Second Phase
Phase 2 used smart contracts to automate bond lifecycle events, and introduced pre-validation to reduce error and fraud in funds transfers. Phase 3 will be a joint effort with the HKMA.
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472Asia-PacificPhilippine SEC Consults on Draft Rules for Digital Asset Exchanges
The rules specify capital requirements of PHP 100mn, plus 12 months of operating expenses, and allow digital asset exchanges in the Philippines to be set up by foreign-registered entities.
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552Asia-PacificCompetitive Dynamics in Banking Intensify Across APAC: S&P Global
Indigenous virtual banks, global digital-only banks, and digitised traditional banks are all vying for market share, says a new report from S&P Global Ratings.
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337Big PictureSingapore Can Withstand Severe Adverse Shocks: IMF
The IMF says Singapore's financial system would continue to be resilient even under very adverse scenarios, but that foreign currency liquidity risk needs to be addressed.
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478FeatureCFTC Eases Foreign Clearinghouse Access to US Customers
An alternative compliance regime will be provided for non-US DCOs registered with the CFTC, while exempt DCOs will be allowed to offer clearing through foreign intermediaries.
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712Big PictureRegulator Coordination Insufficient to Scale Up Sustainable Finance
Most financial institutions say coordination among regulators is not sufficient to effectively promote sustainable finance globally, according to a GFMA survey.
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379FeatureHong Kong ‘Greenness’ Assessment Framework for Banks by Year-End
The framework will comprise guiding principles and possible metrics for the greenness assessments, drawing from industry feedback and the HKMA's participation in the NGFS.
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552Capital RegulationAmended Bank Liquidity Rules to Take Effect 1 Jan: HKMA
The amendments expand the scope of HQLA recognisable as "level 2B assets" under the LCR and introduce a 5% stable funding requirement on total derivative liabilities under the NSFR.
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1.0KAML / KYCHong Kong Welcomes FATF ‘Overall Compliant’ Result
According to a government statement, Hong Kong was found to be particularly effective in the areas of risk identification, law enforcement, asset recovery, counter-terrorist financing and international co-operation.
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589AML / KYCSFC Enables Technology Approach for Overseas Client Onboarding
From 5 July, intermediaries can access embedded data in client identity documents for onboarding. Captured biometric data such as a facial image can be used for identity verification.
