AML / KYC

Indonesia Simplifies Stock Account Opening Process

01/04/2019

A new simplification programme for opening stock accounts in Indonesia should cut processing times to as little as 30 minutes, from about two weeks previously.

AML / KYC

Malaysia Mulls Cash Transaction Limit as AML Measure

01/04/2019

Bank Negara Malaysia will conduct a public consultation by Q3 to gather feedback on the implementation of a cash transaction limit, what it should be, and whether it is even desirable.

Market Infrastructure

SEBI Updates Disaster Recovery Guidelines for Market Infrastructures

01/04/2019

Stock exchanges, depositories and clearing corporations must have in place business continuity plans and disaster recovery policies that ensure ‘zero data loss’

Market Infrastructure

Automated Trading Does Not Impact End-of-Day Volatility – CFTC

01/04/2019

A new report reveals that the rise of automated orders has not resulted in a systematic increase in end-of-day price volatility over a 6 year period.

Market Infrastructure

China Approves JP Morgan, Nomura Securities Joint Ventures

01/04/2019

JP Morgan and Nomura have been given regulatory approval to set up new majority owned securities joint ventures in China.

Market Infrastructure

HKMA Ups the Competency Bar for Credit Risk Management

31/03/2019

The HKMA – in collaboration with the HKIB and banking sector – has published a new framework aimed at enhancing professional competencies in the credit risk management function.

AML / KYC

Philippines to Launch Digital Banking ID Registry This Year

31/03/2019

The blockchain powered ID registry will enable electronic KYC and make it easier for clients to access banking services.

ESG / Sustainability

Australian Financial Sector Teams Up on Climate Initiative – Report

30/03/2019

Overseen by APRA, a group of industry players – including the big four banks – are looking to reshape the financial system to ensure readiness for climate risks.

Enforcement

ASIC ‘Ready to Prosecute’ Underperforming Super Funds

30/03/2019

Australian regulators are trying to force an estimated 100 small and poor performing super funds out of the system using criteria devised by the Productivity Commission.