Capital / Liquidity

Bangladesh Bank Relaxes Loan Classification Rules

29/04/2019

From 30 June, loans will be classified as ‘bad’ only once they have been overdue for at least 12 months, compared to nine months previously, among other changes.

Market Infrastructure

Bursa Malaysia Goes Live with T+2 Settlement

29/04/2019

Starting today (29 April), securities trade on Bursa Malaysia will be executed on T+2 settlement, a move first proposed in March 2018.

Fintech / Regtech

SAFE to Pilot Blockchain Based Trade Finance Platform

26/04/2019

China’s foreign exchange regulator has developed an open blockchain platform to help address the inefficiencies of cross-border trade finance.

AML / KYC

Wolfsberg Group Endorses APAC Toolkit for Tackling Human Trafficking

26/04/2019

The Wolfsberg Group has endorsed the latest Anti Human Trafficking Toolkit from the Thomson Reuters Foundation, tailored for use in Asia Pacific by banks and financial institutions.

Market Infrastructure

MAS Issues Update to E-Payments User Protection Guidelines

26/04/2019

The update addresses situations where customers choose to receive fewer transaction notifications, which could affect their ability to monitor for unauthorised transactions.

Securities / Derivatives

MAS Seeks to Strengthen Singapore as a Global Hub for FX Trading

26/04/2019

MAS has reportedly been encouraging major FX players to build their systems, trading engines and data centres locally to reduce latencies from routing trades through other FX hubs.

Market Infrastructure

BSP Issues Draft Rules for Implementing National Payment Systems Act

26/04/2019

The Philippine central bank has issued a draft circular to support its new mandate as the primary regulator for the country’s payment systems.

Market Infrastructure

Japan OTC Derivatives Regime Deemed Equivalent Under EMIR

26/04/2019

The European Commission recognises Japan’s rules on valuation, dispute resolution and margin exchange for uncleared OTC derivative contracts as equivalent to EMIR.

Uncategorised

HKMA, SFC Find Opaque Financing Practices at Mainland Owned Banking Group

25/04/2019

Coordinated inspections found that a licensed corporation owned by a subsidiary as well as a bank within a Mainland-based group had adopted “complex, opaque financing arrangements”.