AML / KYC

ACAMS Pledges Support for Anti-Slavery & Trafficking Initiative

06/02/2020

ACAMS will encourage financial crime professionals globally to adopt a blueprint for mobilising finance against modern slavery and human trafficking.

Capital / Liquidity

Malaysian Central Bank Publishes Inaugural D-SIBs List

06/02/2020

Maybank, CIMB and Public Bank have been designated as D-SIBs and will have to maintain extra capital buffers from 31 January 2021 to reduce the probability of failure.

Fintech / Regtech

ACCC Publishes Final Data Sharing Rules for Open Banking

06/02/2020

The Consumer Data Right Rules give legislative force to consumer requests for banks to share their data with accredited data recipients.

Market Infrastructure

ISDA to Re-consult on Pre-cessation Fallbacks This Month

06/02/2020

ISDA will consult on a single protocol that would allow participants to include both pre-cessation and permanent cessation fallbacks in derivatives trades.

Securities / Derivatives

India Streamlines FPI Registration Process

05/02/2020

The new ‘Common Application Form’ can be used for three purposes – FPI registration with SEBI, PAN issuance by the CBDT, and KYC for account opening with intermediaries.

Capital / Liquidity

India Raises Deposit Insurance Cover Five Fold

05/02/2020

Finance Minister Nirmala Sitharaman announced in her Budget Speech that deposit insurance would be increased to 500,000 rupees per depositor.

BOT Launches Phase Three of ‘Debt Clinic’ Scheme

05/02/2020

Phase 3 will expand the scope of covered personal debt to include cases involving a single debtor. The Debt Clinic has so far helped over 3,000 borrowers refinance bad debt.

Securities / Derivatives

SEBI Asks Exchanges to Review Commodity Derivatives Performance

05/02/2020

Performance reviews of commodity derivatives contracts should be conducted each year to ensure alignment with the physical markets.

ESG / Sustainability

MAS to Broaden Range of Climate Risks Included in Stress Tests

05/02/2020

The current priority is to collect climate-related data and understand how it impacts FIs in order to conduct a proper stress test, says MAS board member Ong Ye Kung.