Credit Risk

Ant Group In Talks to Share Credit Data with SOEs

28/06/2021

The plan may resolve the PBOC’s long-standing concerns about a lack of visibility into the country’s consumer debt market.

Anti-Money Laundering

Australia: Senate Committee Calls for Submissions in AML Inquiry

27/06/2021

The inquiry will explore the adequacy and efficacy of Australia’s AML/CTF regime. The terms of reference have been published.

Fraud, Scams & Cybercrime

105 More Charges Laid Against Hin Leong Founder

27/06/2021

Lim Oon Kuin now faces a total of 130 charges, including 68 for cheating, 47 for abetment of forgery, and 14 for abetment for forgery for the purpose of cheating.

Conduct, Culture & Accountability

MAS Extends Financial Sector Training Support Measures

27/06/2021

The extensions will help Singaporeans continue to acquire in-demand skills and encourage FIs and fintechs to retain and upgrade staff capabilities.

Conduct, Culture & Accountability

CBIRC Issues New Qualification Rules for Insurance Executives

27/06/2021

Insurers need to seek approval from the CBIRC on the qualifications of directors, supervisors and senior managers starting 1 July.

Structural Regulation

FCA Consults on Intention to Compel Publication of Synthetic LIBOR

25/06/2021

The FCA intends to compel publication of synthetic versions of GBP and JPY LIBOR, using forward-looking term version of RFRs.

Clearing & Post-Trade

HKMA, SFC Finalise Latest Changes to FSP List

25/06/2021

A unit of Toronto-Dominion Bank will be included on the FSP list. An entity that has merged with Deutsche Bank will be removed.

AI Risk & Governance

ASIFMA Calls for Harmonised Approach to Regulating AI

25/06/2021

Regulators should leverage existing frameworks that largely already address and mitigate the key risks associated with the increased use of AI.

Conduct, Culture & Accountability

SFC Fines Deutsche Securities Asia Over Prime Brokerage Statements

25/06/2021

A system design caused a failure to distinguish between ex-entitlement dates and settlement dates of bonus share events in periodic statements.