AML / KYC

Japan to Halt Overseas Transfers that Bypass Bank Accounts

06/05/2019

In preparation for this year’s FATF review, Japanese banks will reportedly terminate counter services for overseas remittances that bypass bank accounts.

Fintech / Regtech

FIs Need to Automate to Meet Tax Reporting Obligations – Report

06/05/2019

As tax reporting requirements grow increasingly complex, automation is making compliance cheaper, quicker and more efficient, says a new report from Regulation Asia and BearingPoint.

Fintech / Regtech

S. Korea FSC Accepts Nine More Fintech Sandbox Participants

03/05/2019

Nine new fintech firms have been approved to enter the FSC’s regulatory sandbox, bringing the total number of participating firms to 18.

Capital / Liquidity

10 Major Chinese Banks Planning Perpetual Bond Issuances

03/05/2019

Following BOC’s perpetual bond issuance in January, 10 more Chinese banks have announced plans to issue similar bonds, including ABC, ICBC and CCB.

Securities / Derivatives

CSRC to Roll Back Private Placement Restrictions – Report

03/05/2019

The CSRC is reexamining February 2017 restrictions on private placements, to address difficulties for listed companies in financing debt roll-over, working capital and expansion.

Fintech / Regtech

SGX Migrates Blockchain Projects to New AWS Service

03/05/2019

The move allows SGX to eliminate the heavy-lifting typically involved in infrastructure setup, configuration and management, and instead focus on adding business value.

Market Infrastructure

SWIFT Launches Payment Investigation, Resolution Capability

03/05/2019

The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.

Market Infrastructure

FSB Designates UK Agency as Sole UPI Service Provider

03/05/2019

The Derivatives Service Bureau will be the sole issuer of UPI codes and operate the UPI reference data library, facilitating the use of OTC trade reporting data in assessing systemic risk.

Capital / Liquidity

RBI Must Disclose Bank Inspection Reports – Supreme Court

03/05/2019

The RBI has been ordered by the India’s highest court to disclose its annual banking inspection report, which contains sensitive commercial information of banks.