Market Infrastructure

APRA Launches Superannuation Data Transformation Project

08/11/2019

The initiative aims to drive better industry practices, enhance the consistency of reported data, and make it easier to compare fund and product performance.

Market Infrastructure

Thailand Eases Capital Controls to Stem Currency’s Rise

08/11/2019

Investors are allowed to invest up to $200,000 in foreign securities without going through a Thai intermediary, and restrictions on outward fund transfers have been eased.

Enforcement

Former PBOC Official Under Probe for ‘Legal Violations’

08/11/2019

Reports indicate the investigation might be related to third-party payment licences issued by the central bank between 2011 and 2015.

Market Infrastructure

China Extends Use of Bond Collateral to All Domestic Futures

08/11/2019

The CCDC has signed a memorandum of cooperation with the SHFE, ZCE, DCE, CFFEX, and Shanghai’s INE, building on previous efforts to enable the use of bonds as collateral for futures trading.

AML / KYC

Malaysia Proposes Cash Payment Limit to Curb Financial Crime

08/11/2019

The central bank says any action aimed at circumventing the proposed 25,000 ringgit cash transaction limit would be considered an offence for both the payer and payee.

AML / KYC

SEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC

08/11/2019

Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.

AML / KYC

Fintel Alliance Is Critical to Financial Crime Fight: AUSTRAC

07/11/2019

The Fintel Alliance reveals its operational results in its annual report. A second report sets out financial indicators to help FIs detect and report child sexual exploitation.

Securities / Derivatives

CSRC Plans Additional Reforms to Ease Access to STAR Market

07/11/2019

The reforms include the removal of first day trading limits and faster processing of applications from companies seeking a listing.

Securities / Derivatives

MAS Approves Sandbox Launch of Blockchain Based Bond Exchange

07/11/2019

Singapore-based fintech BondEvalue will use a permissioned blockchain to enable electronical trading of bonds, in $1,000 denominations, with instant settlement and greater price transparency.