AML / KYC

Malaysian Court Convicts Wife of Najib Razak for Corruption

01/09/2022

Rosmah Mansor was convicted for taking bribes from a contractor in exchange for a government project to supply solar energy to rural schools.

Securities / Derivatives

China Launches First Affordable Rental Housing REITs

01/09/2022

The REITs started trading on Wednesday, after being more than 100 times oversubscribed among institutional investors two weeks earlier.

Market Infrastructure

ORX, McKinsey Launch Operational Risk Control Library

01/09/2022

The ORX Reference Control Library contains 761 typical operational risk controls based on data collected from nearly 50 banks and insurers.

Fintech / Regtech

SWIFT Applies Data Intelligence to Remove Payment Friction

01/09/2022

SWIFT says its new capability ensures payments will go through regardless of whether the parties have transacted with each other before.

Market Infrastructure

Bangladesh Bank to Enable FX Clearing via RTGS System

01/09/2022

Banks can clear USD, GBP, EUR, CAD and JPY through the RTGS system starting from 4 September. CNY clearing will be allowed “soon”.

AML / KYC

Iran Passes Law Authorising Use of Crypto for Imports

01/09/2022

The new law formally allows government and local businesses to use cryptocurrencies as payment for imports.

Capital / Liquidity

APRA Frees Westpac from Add-on Liquidity Requirement

01/09/2022

The liquidity add-on was imposed in 2020 in response to breaches which APRA said demonstrated weaknesses in the bank’s risk management and oversight.

Crypto / Digital Assets

Australia Launches Digital Finance Cooperative Research Centre

01/09/2022

Backed by industry, government and academia, the DFCRC will facilitate the development of the emerging digital finance sector.

Securities / Derivatives

Five Super Funds Fail APRA’s Second Performance Test

01/09/2022

Four of the five have now failed for a second time. Five other MySuper products that failed last year have now passed.