Securities / Derivatives

Bursa Malaysia Consults on Listing Rule Amendments

03/09/2019

The amendments focus on the issuance of new securities, seeking to enhance transparency, promote better corporate governance, ensure board integrity and protect investors.

Capital / Liquidity

CBIRC Identifies Numerous Violations at Small and Mid-sized Banks

03/09/2019

“In response … all relevant regulatory agencies should take targeted prudential supervision measures … and carry out administrative punishment according to law,” the CBIRC said.

AML / KYC

Singapore Police, Banks Collaborate to Thwart Scammers

03/09/2019

Since the Anti-Scam Centre was set up in June, DBS, OCBC and UOB have frozen 815 bank accounts and recovered S$840,000 in scam-related losses.

AML / KYC

Philippines Launches Pilot Test of New National ID System

02/09/2019

The pilot test phase will initially focus on government and welfare services, but will later be expanded to include financial services.

Market Infrastructure

Indian Banks Taking Nearly Two Years to Detect Fraud: RBI

02/09/2019

The RBI said in its annual report that banks take an average of 22 months to detect fraud, and up to 55 months for frauds involving large amounts.

Market Infrastructure

SFC Launches ‘Key Risk Indicator’ Reporting Platform

02/09/2019

Initially, licensed corporations of 22 global FIs will have to submit data relating to their operations, conduct issues and prudential risk exposures on a monthly, quarterly and yearly basis.

Market Infrastructure

China Moves to Cut Off P2P Lenders’ Payment Channels

02/09/2019

Cutting off payment and settlement services will restrict the funds flowing in and out of P2P lenders, part of a regulatory crackdown on the sector.

Market Infrastructure

ASX to Streamline Transfers to CHESS Subregister

02/09/2019

ASX will remove a requirement for settlement-only participants to receive and provide a registrable transfer document for transfers, but will require validation checks.

Market Infrastructure

Singapore Takes Steps to Transition Away from SOR

02/09/2019

Singapore’s banking body and foreign exchange market committee have identified SORA as “the most robust and suitable” alternative interest rate benchmark to SOR.