Payments & Settlements

PBOC to Establish Consumer Protection Fund for Payments

15/10/2020

The new regulations are aimed at establishing a long-term mechanism for resolving and disposing of risks at non-bank payment institutions, the PBOC said.

Structural Regulation

US Considers Adding Ant Group to Trade Blacklist – Report

15/10/2020

US officials reportedly fear the Chinese government could access sensitive banking data belonging to future US users of the Alipay payment app.

KYC & CDD

Philippines Begins Roll-out of New National ID System

15/10/2020

PhilSys will mean wider inclusion in the financial ecosystem for the unbanked, allowing cash aid, credit and other welfare spending to reach them faster.

AI Risk & Governance

RegTech Asia 2020: Artificial Intelligence, Privacy, and Ethics

15/10/2020

What are some of the challenges FIs face amid the growth of AI and machine learning with regards to privacy and ethics, and how can these be addressed?

Anti-Money Laundering

AUSTRAC Decides Against Afterpay Regulatory Action

15/10/2020

Afterpay has uplifted its AML/CTF compliance framework and financial crime function, and completed all remediation necessary to ensure compliance.

Trading & Investment

HKFE Obtains CFTC Certification for Non-USD MSCI Contracts

15/10/2020

The Hong Kong Futures Exchange has received CFTC certification for its SGD Singapore futures contract and two JPY Japan contracts.

Structural Regulation

HKIFA Warns Against Changing UCITS Delegation Model – Report

15/10/2020

HKIFA chief Sally Wong reportedly said a move to restrict the delegation model could prompt capital to flow away from the European fund industry.

Trading & Investment

China Excludes HSBC from Sovereign Bond Sale – Reports

14/10/2020

HSBC is the only lender that participated in China’s November 2019 dollar debt offering that isn’t participating in this year’s issuance.

Structural Regulation

SFTR Reporting Regime Goes Live for Buy-Side Firms

14/10/2020

Phase three of the SFTR places reporting obligations on investment funds, insurance companies and pension funds.