Uncategorised

Project Stella: Balancing Privacy & Auditability in DLT Environments

13/02/2020

The BOJ-ECB phase four study found that effective auditing can be achieved alongside privacy-enhancing technologies, if the auditor can obtain information from trusted sources.

AML / KYC

Malaysia Anti-Corruption Commission Files New 1MDB-related Charges

13/02/2020

Malaysia has filed new charges against fugitive financier Jho Low and two PetroSaudi International directors over their alleged roles in the 1MDB scandal.

Capital / Liquidity

HKMA Vows to Preserve Stability Amid Covid-19 Threat

13/02/2020

HKMA chief Eddie Yue indicated a willingness to be flexible towards banks facing difficulties in meeting regulatory requirements.

Capital / Liquidity

India Doubles Pension Fund Manager Net Worth Requirement

13/02/2020

The increase brings the requirements for pension fund managers in line with those for managers of mutual funds regulated by SEBI.

Securities / Derivatives

BSP Bars Bank Affiliates from Holding Bank-Issued Debt

12/02/2020

The prohibition is aimed at preventing related parties from obtaining undue advantage when transacting in debt instruments issued by affiliated banks.

Enforcement

SGX RegCo Enhances Market Surveillance with Artificial Intelligence

12/02/2020

The introduction of AI will help isolate unusual activity by learning from historical trading patterns and filtering out noise.

Market Infrastructure

RBI Proposes Authorisation of New Retail Payment Systems

12/02/2020

The draft framework is said to be aimed at addressing concerns that the NPCI has become ‘too big to fail’ and presents increased concentration risk.

Securities / Derivatives

Bangladesh to Float Shares of State Banks to Prop Up Market

12/02/2020

Sonali Bank, Agrani Bank, Janata Bank, Rupali Bank and Bangladesh Development Bank will each have 25% of their shares listed on the stock market by end-October.

Enforcement

US Charges 4 Chinese Military Officers for Equifax Hack

12/02/2020

The four Chinese nationals are charged for breaking into Equifax’s computer systems to steal US citizens’ personal data and sensitive trade secrets.