AML / KYC

Singapore Crypto Association Publishes Industry Code of Practice

17/08/2020

The code is accompanied by a practice guide providing regulatory guidance to facilitate payment services licence applications in Singapore.

Capital / Liquidity

RBNZ Extends Mortgage Deferral Scheme Another Six Months

17/08/2020

The extension means banks can continue to offer temporary mortgage deferrals to their customers without the loans being treated as in default.

Securities / Derivatives

Hang Seng Index to Include Alibaba, Xiaomi from 7 September

16/08/2020

The changes reflect a May decision to allow weighted voting rights and secondary-listed companies from the Mainland to be included as HSI and HSCEI constituents.

AML / KYC

Indian Authorities Raid Chinese Entities Over Money Laundering Concerns

16/08/2020

Chinese shell companies and individuals and their Indian associates, including bankers and accountants, were allegedly involved in hawala and money laundering transactions.

Fintech / Regtech

BOT, UK Government Agree to Cooperate in Financial Services

16/08/2020

The MoU will see increased cooperation in areas such as accounting standards, governance and transparency, fintech development, and sustainable finance.

Capital / Liquidity

CBIRC Projects ¥3.4tr in Bad Loans for 2020, More in 2021

16/08/2020

CBIRC chairman Guo Shuqing says banks should prepare by replenishing capital, increasing provisioning, and improving risk management.

Market Infrastructure

FSB Publishes Information Gathering Template on FMI Access

16/08/2020

The template will streamline the process of gathering information about access to clearing, payment, settlement, custody and other FMI services in cases where firms need to be resolved.

ESG / Sustainability

Bursa Malaysia Publishes ESG Scores of Publicly Listed Companies

16/08/2020

The availability of ESG ratings will help investors and allow listed companies to benchmark themselves against their peers in terms ESG performance, Bursa Malaysia says.

Enforcement

Singapore Police Lay First Charge Against Hin Leong Founder

16/08/2020

While investigations into other offences are ongoing, the charge of abetment of forgery for the purpose of cheating carries a punishment of up to ten years’ imprisonment and a fine.