Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
New Zealand FMA Issues AML/CFT Warnings to 10 Reporting Entities
14/05/2019
The warnings relate to failures by the firms to comply with requirements to have their risk assessments and AML/CFT programmes audited every two years.
Market Infrastructure
Sri Lanka Signs Dual Bond Listing Deal with London
14/05/2019
Colombo’s stock exchange has signed an MoU to list domestic government bonds in London and enable LSEG to support the development of Sri Lanka’s capital markets.
Market Infrastructure
US SEC Proposes Amendments to Cross-Border Swaps Rules
14/05/2019
The proposals address issues in applying security-based swaps rules in a cross-border context, and leave supervision of foreign trading practices and market structures to home supervisors.
Market Infrastructure
Dhaka Bourse Mulls New Data Exchange Platform
13/05/2019
The DSE’s ‘Financial Data Exchange Platform’ will allow regulators, market infrastructures and financial institutions to safely and efficiently exchange messages and files.
Capital / Liquidity
Chinese Banks Record Highest NPLs Since 2003
13/05/2019
Despite the rise in overall NPLs at China’s commercial banks, a boost in new lending and bad asset disposal resulted in lower NPL ratios.
Market Infrastructure
Korea to Ease Data Barriers Within Financial Services Firms
13/05/2019
In addition to easing information barriers within financial services firms, the FSC will also allow them to outsource their core businesses to third parties with as fintech startups.
Securities / Derivatives
SGX Updates Rules on Securities Trading, Market Practices
13/05/2019
Following an October 2017 public consultation, SGX has announced that a number of new rules on securities trading and market practices will take effect next month.
Market Infrastructure
SWIFT Responds to India Cyber Threat With New Paper
13/05/2019
SWIFT has published a new paper to help financial institutions in India improve their monitoring of anomalous and potentially fraudulent transactions.
AML / KYC
Cambodia to Launch Commercial Credit Reporting Service
13/05/2019
The new commercial credit reporting system, set for launch by end-May, will improve the lending process for more than 50 financial institutions in Cambodia.
Big Picture
Financial Sector Cyber Resilience Relies on Global Cooperation – FSB
12/05/2019
Successful cooperation on cyber security will enhance financial sector resilience and prevent fragmentation, said the FSB’s secretary general Dietrich Domanski in speech to the G7.
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