AML / KYC

Philippine Central Bank Updates Rules on KYC, AML

03/12/2018

The BSP will require financial institutions to collect customers’ unique ‘PhilSys’ ID numbers, and allow the use of technology to capture and record personal data.

Securities / Derivatives

RBI Announces Phasing-In of LEI for Non-Derivatives Markets

30/11/2018

Entities transacting in government securities, money markets and non-derivative forex markets will be required to have LEI codes, starting with larger firms in April 2019.

Capital / Liquidity

India Eases Asset Securitisation Norms to Help Non-Bank Liquidity

30/11/2018

The RBI has reduced the holding time required for loans with maturities of over 5 years before they can be securitised.

Capital / Liquidity

China Consults on Revision of Rules Governing Foreign Banks

30/11/2018

CBIRC proposes more stringent supervision of foreign banks to improve “risk resilience” and customer protection, following the release of measures to further open up the banking industry.

Capital / Liquidity

India to Implement NSFR from April 2020

30/11/2018

The Net Stable Funding Ratio will apply to Indian banks on both a stand-alone and consolidated basis, and foreign banks on a stand-alone basis.

AML / KYC

Singapore Pushes Data Analytics, Collaboration to Counter Financial Crime

30/11/2018

A new report by Singapore’s AML/CFT Industry Partnership identifies key weaknesses of current approaches that can be addressed with data analytics and greater industry collaboration.

Securities / Derivatives

ASX Consults on Changes to Listing Rules

29/11/2018

The proposals aim to improve market disclosures, simplify the listing rules, increase efficiency in the listing process, and enhance ASX’s powers to monitor and enforce compliance, among other changes.

AML / KYC

South Korean Banks Vulnerable to Money Laundering Risks: FSC

29/11/2018

Banks are most exposed to money laundering risks due to the innate characteristics of their products and services, according to an FSC review of the domestic financial industry.

Enforcement

S. Korea Fines Goldman $6.7m for Naked Short Selling

29/11/2018

The FSC found that  Goldman Sachs conducted naked short selling worth about KRW 40 billion in late May. Naked short selling is prohibited in South Korea.