Market Infrastructure

ISDA to Launch IBOR Fallbacks Supplement, Protocol on 23 Oct

11/10/2020

Widespread adoption is a tangible step financial and non-financial firms can take to avoid disruptions in derivatives markets and mitigate risks at a system-wide level, the FSB says.

Securities / Derivatives

SC Malaysia to Allow Financial Planners to Advise on Stocks, Bonds

11/10/2020

The new policy will encourage informed participation in stocks and bonds, while also protecting investors against bad investment choices.

Big Picture

BIS Report Outlines Common Foundation for Retail CBDCs

11/10/2020

Any decision to launch a CBDC would depend on an informed judgment that the risks can be managed, including the risk of disintermediating banks or enabling ‘digital runs’.

Securities / Derivatives

Australia Federal Budget Delivers Super Fund Accountability

09/10/2020

Super funds will be forced to enhance disclosures on fees and performance. Consistently underperforming super funds will be prohibited from receiving new members.

AML / KYC

Hong Leong Bank Launches Digital Account Opening

08/10/2020

Hong Leong has become the first Malaysia bank to launch “fully digital” account opening, just three months after BNM’s new e-KYC guidelines took effect.

AML / KYC

UOB Credited for Helping Recover Stolen Funds

08/10/2020

Collaboration with UOB attests to the importance of a strong partnership with community stakeholders to effectively combat scams and transnational fraud, the Police said.

Fintech / Regtech

RegTech Asia 2020: Addressing Complex Regulatory Change

08/10/2020

SmartStream’s Vincent Kilcoyne discusses the use of technology and automation to address regulatory change, highlighting the need for high quality data.

AML / KYC

UIDAI, NPCI Testing Face Authentication with Banks

08/10/2020

NPCI has commenced phase one tests of using facial authentication in non-financial transactions with ICICI Bank, Yes Bank, RBL Bank and Fino Payments Bank.

Capital / Liquidity

Japan: Bank Stress Tests to Use Covid-19 as Baseline Scenario

08/10/2020

The BOJ and FSA jointly stress-tested banks using a common scenario for the first time in December. This year’s stress tests will use the Covid-19 pandemic as the common scenario.