Credit Risk

RBI Props Up NBFCs Through On-Lending Guidance

14/08/2019

Banks are mandated to lend a portion of their funds to priority sectors. Allowing NBFCs to serve as middlemen for such lending provides them a liquidity backstop.

Alternative Markets

Myanmar to Set Up Alternative Market for Unlisted Companies

14/08/2019

The so-called ‘Myanmar Public Companies Board’ will serve as a stepping stone for domestic companies to list on the YSX, which still lists only 5 companies.

Conduct, Culture & Accountability

FSS Korea to Probe Major Banks for Mis-sold Financial Products

14/08/2019

Woori, KEB Hana and Shinhan are subject to the FSS investigation for selling high-risk private equity investment products and derivative-linked securities.

Supervision & Enforcement

CBIRC Fines WeBank $285m for Multiple Lending Violations

14/08/2019

An inspection last year found that some employees at the digital bank used consumer loans to invest in stock and futures trading.

Structural Regulation

Korea Eases Criteria for Professional Investor Registration

14/08/2019

The move is expected to increase the pool of professional investors from under 2000 to over 370,000. A new trading venue for unlisted equity securities is also planned.

Anti-Money Laundering

Singapore Shell Companies Vulnerable to Money Laundering: MAS

14/08/2019

While money launderers and tax evaders have traditionally used offshore companies, some have shifted to onshore companies to evade detection.

Market Risk

BSP Issues Guidelines for Banks on Managing IRRBB

14/08/2019

Covered supervised institutions have until 1 January 2021 to develop or revise their policies and procedures in accordance with the guidelines.

Tokenisation

Koscom to Develop New Platform for Trading Unlisted Securities

13/08/2019

The project, approved under the FSC’s sandbox programme, will also involve KEB Hana Bank, Hana Financial Investment and Amicus Lex, among others.

KYC & CDD

Malaysia to Introduce e-KYC for Money Services Businesses

13/08/2019

BNM has set out the requirements money changers must observe in non-face-to-face customer onboarding, to ensure effective and robust AML/CFT controls.