Securities / Derivatives

China Accelerates Development of Infrastructure REITs Market

08/10/2020

REITs markets will play an important role in enhancing Shanghai’s status as an international financial centre, helping to attract overseas capital while promoting RMB internationalisation.

AML / KYC

Fed Orders Citigroup to Correct “Longstanding Deficiencies”

08/10/2020

The Fed has ordered Citigroup to remediated enterprise-wide risk management and controls deficiencies. The OCC has penalised Citibank $400mn for the same deficiencies.

Fintech / Regtech

G20 Data Gaps Initiative Has ‘Proven its Value’: FSB, IMF

07/10/2020

The fourth progress report on phase two implementation of DGI-2 says progress made to date has proven its value during the crisis triggered by the Covid-19 pandemic.

AML / KYC

RegTech Asia 2020: Enhancing Transaction Monitoring

07/10/2020

How is the financial industry using AI/machine learning and data analytics to enhance typically rule-based transaction monitoring systems?

Enforcement

Korea FSS to Penalise Brokerage CEOs Over Lime Asset Mis-selling

07/10/2020

The proposed sanctions may include a ban on former and current CEOs of three brokerage firms from working in the financial industry for up to five years.

Crypto / Digital Assets

BIS Innovation Hub Announces G20 TechSprint Winners

07/10/2020

FNA won the dynamic information-sharing category; Tookitaki won in the monitoring and surveillance category; ISDA and REGnosys won the regulatory reporting category.

Fintech / Regtech

BOT Issues $1.6bn in Government Savings Bonds on Blockchain

07/10/2020

Leveraging IBM blockchain technology, Bank of Thailand’s platform reduces a process that previously took 15 days to two days.

Fintech / Regtech

ISDA, Digital Asset Launch CDM Clearing Pilot Using DAML

06/10/2020

Deploying the Common Domain Model for clearing using DAML will increase standardisation and operational efficiency across the entire clearing lifecycle.

Big Picture

Conduct Risk a Top Concern Among Banks, Insurers: ORX

06/10/2020

In retail banking, scenario development commonly featured conduct risk. In Asia Pacific, fraud has also been a significant concern among FIs.