Market Abuse

ASIC Bans Former Fixed Income Broker for Ten Years

05/10/2020

The ex-broker charged unpermitted spreads and traded at prices other than the agreed independent valuation on transactions entered on behalf of referred clients.

Trading & Investment

Osaka Exchange to Launch Petroleum Index Futures

05/10/2020

The new futures contract will be based on the CME Group Petroleum Index and launch by year-end, subject to regulatory approvals.

KYC & CDD

RegTech Asia 2020: Digital Identity, Benefits & Challenges

05/10/2020

How can digital identity enable real-time risk management, what are its other use cases, and what are the challenges to adoption?

Credit Risk

MAS Announces Extension of Credit Support Measures into 2021

05/10/2020

The extended measures allow relief for individuals and SMEs to progressively expire over 2021, while also encouraging the resumption of loan repayments.

Custody & Infrastructure

SSE, SZSE to Pilot Blockchain in Trading, Custody Systems

05/10/2020

The Shanghai and Shenzhen stock exchange have separately announced plans to test newly-developed blockchain systems in equity markets.

KYC & CDD

RegTech Asia 2020: Digital KYC, Onboarding & Authentication

04/10/2020

Digital transformation has accelerated in financial services amid the pandemic. But it has not come without risks.

Structural Regulation

SFC Issues Guidance on E-dissemination of Product Documents

03/10/2020

Investors currently receiving paper investment product documents need to be notified at least one month before e-dissemination arrangements take effect.

Anti-Money Laundering

BitMEX Founders Charged for Evading AML Requirements

03/10/2020

Four individuals were charged for “willfully” failing to establish, implement, and maintain an adequate AML programme that included a KYC component.

Credit Risk

Bangladesh Further Extends Ban on Downgrading Borrowers

02/10/2020

Bangladesh Bank has instructed banks not to change their classifications of loans for another three months for borrowers that fail to make repayments.