Securities / Derivatives

Taiwan FSC Directs Fund Managers to Review Arms-related Exposure

10/11/2021

Fund managers are asked to review their offshore funds, including funds sold in China, and disclose exposures to weapons-related industries.

Fintech / Regtech

Project Greenprint: MAS Unveils Plans to Boost Green Finance

09/11/2021

To support the green finance ecosystem, MAS and the industry will together develop four interoperable platforms under Project Greenprint.

China: Regulators Order City Commercial Banks to Cap WMPs – Report

09/11/2021

New rules are coming into effect at the end of the year which require banks to have separate units for their wealth management business.

AML / KYC

CCDI Draws Lessons on Corruption from Ex-ICBC Bankers

08/11/2021

The two ex-bankers have relaxed risk controls and used customised rules to facilitate loan approvals for certain borrowers in exchange for bribes.

Fintech / Regtech

Singapore Banks to Automate GIRO Application Process

08/11/2021

The current GIRO application process takes three to four weeks to complete. The eGIRO service will reduce turnaround time to a few minutes for consumers.

AML / KYC

CCDI Official Offers Glimpse of PBOC-linked Corruption Cases

07/11/2021

Financial corruption and financial risks are intertwined, said senior inspector Xu Jiaai, speaking about corruption cases involving PBOC officials.

Securities / Derivatives

PBOC Declares Offshore Online Brokers Illegal in China

05/11/2021

Offshore online brokerages have been offering Chinese investors trading services for US and Hong Kong securities, without first obtaining a licence in China.

Securities / Derivatives

Singapore Opens Local Chapter of WEF Climate Governance Initiative

04/11/2021

The local chapter, called Climate Governance Singapore, will seek to raise board-level awareness and promote decision-making based on the impacts of climate change.

Fintech / Regtech

China: Regulatory Crackdown on Internet Platforms Not Yet Complete

02/11/2021

About half China’s major Internet platforms have implemented plans to restructure their financial businesses. More progress is expected by year-end.