Enforcement

Taiwan Regulator Censures 54 Managers at State Owned Banks

12/04/2018

Taiwan FSC censured and demoted 54 managers at seven state banks for their involvement in a $679mn syndicated loan-fraud scandal.

Market Infrastructure

CPMI-IOSCO Publish Multi CCP Stress Testing Framework

12/04/2018

Framework supports stress tests examining potential macro-level impact of common stress event affecting multiple CCPs to gauge interdependencies between markets, CCPs and other entities.

AML / KYC

S.Korea Probes Banks’ Cryptocurrency AML Polices

12/04/2018

Financial Services Commission to conduct on-site expectations of three banks with cryptocurrency account relationships.

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.