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.

Climate Risk

ASIC Updates Guidance on Climate Risk Disclosures

13/08/2019

The new guidance describes climate change as a “systemic risk that could have a material impact on the future financial position, performance or prospects of entities”.

Trading & Investment

TOCOM Electricity Futures Approved for 17 September Launch

13/08/2019

The Tokyo Commodity Exchange has been granted approval to list electricity futures, after applying for a trial listing in March.

CBDCs

China Almost Ready to Release Central Bank Digital Currency

13/08/2019

PBOC deputy director for payments Mu Chungchun said the new digital currency and electronic payment system that would not rely entirely on blockchain.

Cloud & Infrastructure

How a Consortium Created an Open Taxonomy for MAS 610

13/08/2019

Recognising the depth of the challenge posed by the new MAS 610 standard, AxiomSL decided that this industry challenge merited an innovative approach.

Trading & Investment

Thailand, Cambodia to Cooperate on Cross-Border Listings

13/08/2019

Thailand and Cambodia’s securities regulators have agreed on a plan to enable cross-border equity offerings and depositary receipts in a bid to boost the development of the CSX.

Credit Risk

APAC Not Fully Meeting IFRS 9 Disclosure Objective: Moody’s

12/08/2019

Significant variations in reporting practices in some cases do not meet the disclosure objective of IFRS 9, Moody’s says, describing  HSBC Hong Kong and Hang Seng Bank as best in class.

AI Risk & Governance

FSC Korea Set to Authorise First Robo Fund Manager, Shinhan AI

12/08/2019

The FSC has granted approval to Shinhan AI to operate as an investment consulting service, and is expected to soon grant it an asset management licence.

Trading & Investment

China Relaxes ‘One Size Fits All’ Margin Financing Rules

12/08/2019

Brokerage firms can set lower thresholds before margin calls need to be initiated, and can accept additional forms of collateral to make up any shortfalls.