Fintech / Regtech

MAS Says Latest Outage at DBS is “Unacceptable”

30/03/2023

Singapore customers of DBS were unable to access online banking services or make trades via its brokerage for around ten hours on Wednesday.

Market Infrastructure

LME Group Unveils Plans to Strengthen Metals Markets

30/03/2023

The LME is making daily price limits permanent, revising its margin methodology, and developing a China-based spot market offering for Class II nickel products.

AML / KYC

ACCC Warns of Rising Bank Impersonation Scams in Australia

30/03/2023

Scammers can make their calls and texts appear as part of the same conversation thread as legitimate messages from a bank, the ACCC warns.

AML / KYC

Real Estate Sector Vulnerable to BEC Threats: FinCEN

30/03/2023

FinCEN published a report on the patterns and trends of business email compromise scams targeting the real estate sector.

Market Infrastructure

South Korea Grants Clearstream QFI Status

30/03/2023

The QFI status will enable Clearstream to offer omnibus account services for Korea Treasury Bonds and Monetary Stabilisation Bonds.

CBIRC Details Governance Improvements at Banks, Insurers

30/03/2023

Over the past three years, more than 7,600 shareholders who violated laws and regulations have either been liquidated or had their rights restricted.

Capital / Liquidity

UBS Plans to Run Credit Suisse Staff Through “Culture Filter”

30/03/2023

UBS chairman Colm Kelleher said the “culture filter” is needed to root out parts of Credit Suisse that had a “bad culture”.

Capital / Liquidity

Philippines to Merge Two Large State Lenders

30/03/2023

The merger of LandBank and the Development Bank of the Philippines will create the country’s largest lender by assets.

ESG / Sustainability

Vanguard Issued Warning in NZ for Late Disclosure of ASIC Action

30/03/2023

Vanguard took 55 business days to file a notice on New Zealand’s register about ASIC’s enforcement action. The requirement is 5 business days.