Market Infrastructure

HKMA Finalises New Reporting Form for Consolidated Accounts

17/11/2020

The new Return of Consolidated Accounts will help the HKMA monitor banking sector developments and strengthen the consolidated supervision of locally incorporated banks.

Fintech / Regtech

SFC Signs Fintech Cooperation Agreement with Israeli Regulator

17/11/2020

The agreement establishes a framework for information sharing, potential joint innovation projects and referrals of innovative firms seeking to enter one another’s markets.

Market Infrastructure

Thailand to Stop Issuing THBFIX Loans, Debt from July 2021

17/11/2020

All financial institutions will stop offering new loans and debt securities which reference THBFIX from 1 July 2021, Bank of Thailand says.

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.