Market Infrastructure

ASIC Flags Concerns Over Further Infrastructure Issues at ASX

17/11/2020

Following a near-full day market closure, data issues prevented ASX from displaying Chi-X bids and offers on its Centre Point matching system.

AML / KYC

IMF Calls for Amendments to Philippine Bank Secrecy Laws

17/11/2020

The BSP should be granted “unimpaired access” to information on all customer accounts and the ability to employ and share depositor information for any prudential purpose.

AML / KYC

Philippine SEC Assesses Risk of Non-Profit Organisation Sector

17/11/2020

Based on the risk assessment, the SEC will implement “the most appropriate mitigation measures” to manage money laundering and terrorist financing risks.

‘Buy Now Pay Later’ Consumers Suffering Harm: ASIC

16/11/2020

About 20% of consumers cut back on or went without essentials such as meals in the last 12 months in order to make their buy now pay later payments.

Securities / Derivatives

SFC Plans to Issue Code of Conduct for Investment Banks – Report

16/11/2020

The SFC is reportedly seeking to frame a detailed code of conduct for capital raisings that will cover how investment banks calculate their fees.

Fintech / Regtech

BSP, MAS Declare Opposition to Data Localisation Requirements

16/11/2020

Data mobility in financial services supports economic growth, innovative financial services, risk management and compliance, BSP and MAS say in a joint statement.

Capital / Liquidity

FSB Finalises Guidance on Assessing CCP Financial Resources

16/11/2020

The guidance will support jurisdictions and authorities in determining whether there is a gap in the resources and tools available for CCP resolution.

Securities / Derivatives

Hong Kong MPFA Adds SSE, SZSE, IDX to Approved List

16/11/2020

The move provides MPF fund managers greater flexibility, allowing them to diversify investment risks and channel more assets into A shares.

Capital / Liquidity

BOT Allows Banks to Pay Dividend for 2020, Subject to Limit

16/11/2020

The move follows an order from the BOT for commercial banks to suspend interim dividend payments and share buybacks in June.