AML / KYC

China Tightens ID Card Verification at Banks

12/04/2018

Participating banks are now obliged to report to the police attempts to use ID cards that are fake or belonging to another person.

Enforcement

Alipay Fined for Customer Rights, Data Protection Failures

12/04/2018

The company did not ensure customers had sufficient product information, failed to comply with rules on customer data, included misleading information in ads.

Capital / Liquidity

Singapore Issues TLAC Consultation

12/04/2018

Monetary Authority aims to bring Singapore in line with Basel III capital treatment of capital holdings from January next year.

AML / KYC

US Resident Pleads Guilty to Singapore Money Laundering

11/04/2018

American convinced victim to make $600,000 investment with promise of 30% return, but instead transferred to Singapore account.

Securities / Derivatives

SFC Identifies Best Practices for Alternative Liquidity Pools

10/04/2018

ALP operator guidelines should include third-party order routing and information about prioritisation for orders simultaneously posted to exchanges; all ALP users should be qualified investors.

Capital / Liquidity

Philippine Bank Profits Insufficient to Support Asset Growth – Moody’s

09/04/2018

Moody’s says loan growth outpaces capital growth at Philippine banks as strong macroeconomic conditions increase credit demand; banks require external capital raising to improve capital ratios.

Capital / Liquidity

Indonesia to Boost Bank Lending Through “Flexible” Credit, Liquidity Rules

09/04/2018

New rules reduce reserve requirements, simplify foreign currency deposit rules and allow banks to use their liquidity buffers to raise funding in repo transactions.

Capital / Liquidity

Moody’s Upgrades Vietnamese Banks on Improved Asset Quality

09/04/2018

Asia Commercial Bank shows improvement since imprisonment of former vice chairman for fraud, tax evasion and illegal trade.

Market Infrastructure

Bursa Malaysia Enhances Collective Investment Rules

07/04/2018

Unit holder protections, corporate governance, disclosure quality to be enhanced; applicable to REITs, ETFs, closed-end funds.