AML / KYC

ACAMS, FAST Collaborate to Fight Modern Slavery, Human Trafficking

04/06/2020

A new ‘Fighting Modern Slavery and Human Trafficking’ certificate is being provided free-of-charge to financial sector actors.

Fintech / Regtech

Japan Megabanks to Collaborate on Cashless Payments

04/06/2020

The project will explore the use of electronic money and digital currency to make banks and cashless payments services interoperable, and could evolve into the introduction of the ‘digital yen’.

Securities / Derivatives

NAFMII Launches Asset-backed Commercial Paper Pilot

04/06/2020

The pilot programme has so far helped 270 small and micro businesses obtain financing by selling their accounts receivables and notes to be securitised.

Securities / Derivatives

ESMA Clarifies Transparency Rules, Position Limits for Non-EU Venues

04/06/2020

ESMA has clarified its application of post-trade transparency requirements and the position limits regime to third-country trading venues.

Enforcement

CSRC Issues Warning Against CICC-controlled Fund Manager

04/06/2020

CICC-Qianhai Development Fund Management is said to have failed to fulfil its due diligence obligations and promised investors minimum returns, contrary to regulations.

Securities / Derivatives

CSRC Green-lights China Pacific Insurance LSE Listing

03/06/2020

If approved by the LSE, China Pacific Insurance will become only the second company to issue GDRs via the Shanghai-London Stock Connect since its launch in June 2019.

ESG / Sustainability

Singapore Banks Pledge Relief to Landlords Providing Rent Waivers

03/06/2020

Singapore authorities, with the support of banks, have announced a package of measures that will help landlords with existing loan commitments and cashflow needs.

Fintech / Regtech

MAS to Assess Covid-19 Impact on Digital Bank Applicants

03/06/2020

MAS will reportedly interview digital bank applicants to understand the changes in their strategy as a result of Covid-19, including any impacts on their funding and profitability plans.

AML / KYC

Bangladesh Bank Files New Civil Suit Over 2016 Cyber Theft

03/06/2020

Bangladesh Bank has filed a new civil suit against RCBC and other Philippine entities in New York State Court over the 2016 bank heist, after its Federal Court case was dismissed in March.