AML / KYC

ANZ Offers Assurances as Industry Faces AML Scrutiny

28/11/2019

As the industry comes under fire for AML/CTF violations, ANZ Bank has issued a statement confirming it is reviewing its own systems and has not found any material issues to date.

ASIC to Take ‘Facilitative Approach’ to FASEA Code Compliance

27/11/2019

ASIC has clarified its expectations of AFS licensees and financial advisers for compliance with the FASEA code starting from 1 January.

Capital / Liquidity

Quota Depletion Forces Mortgage Lending Halts in Shenzhen

27/11/2019

China Construction Bank, Bank of China and Ping An Bank have reportedly halted mortgage lending in Shenzhen, having depleted their 2019 quotas.

Securities / Derivatives

SGX to Develop New Products Using China Bond Indices

27/11/2019

SGX, ICBC and the CCDC will explore the development of new index fund products using newly-launched China Bond Indices as the underlying, to be listed in Singapore.

Capital / Liquidity

China Economy Still Resilient, Despite Risk Factors: PBOC

27/11/2019

Financial risks have gradually shifted from rapid accumulation to high-level mitigation in the past few years, the PBOC says in its annual financial stability report.

Capital / Liquidity

Banking Supervisors Support Proportionality in Basel Implementation

27/11/2019

A proportionate regulatory framework should not reduce the resilience of banks or dilute the prudential regulatory framework.

Securities / Derivatives

SC Malaysia Releases Five-Year Sustainable Investment Roadmap

27/11/2019

The Securities Commission has released a roadmap charting out Malaysia’s path to becoming a regional leader in sustainable and responsible investment.

Fintech / Regtech

Korea to Establish Legal Basis for Cryptocurrency Investment

27/11/2019

A bill passed by the national policy committee will subject digital asset businesses to penalties for not meeting FATF standards in their oversight systems for preventing money laundering.

Australia Opens Consultation for Retirement Income Review

27/11/2019

The consultation paper outlined the areas a review panel will assess to understand the adequacy, fairness, sustainability and cohesiveness of the three pillars of Australia’s retirement income system.