Enforcement

AFCA to Start Using New Funding Model from 1 July

01/06/2022

The new user-pay model will reward good performance and early resolution while apportioning fees fairly based on the actual use of AFCA’s services.

AML / KYC

Malaysia SC Offers Guidance on Detecting Fake Investment Firms

01/06/2022

In one case, approximately $821,000 flowed through one mule bank account controlled by scam operators within a period of six months.

Fintech / Regtech

Thailand to Set Up New Sandbox for Testing of Corporate NDID

01/06/2022

The BOT is planning to also introduce sandboxes in the virtual banking and digital assets space, the relevant regulations are in place.

Crypto / Digital Assets

BOJ Releases Phase One Findings from CBDC Testing

01/06/2022

Phase one of CBDC experimentation was conducted from April 2021 to March 2022. The BOJ tested three CBDC ledger design alternatives.

Securities / Derivatives

BSEC Tightens Circuit Breaker to Contain Stock Market Loses

01/06/2022

The lower limit was reduced from 5 percent to 2 percent. The upper limit was kept unchanged at 10 percent.

Capital / Liquidity

BCBS Progresses Work on Climate Risk, Crypto Assets

01/06/2022

The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks’ crypto-asset exposures.

ESG / Sustainability

German Prosecutors Raid DWS Offices Over ESG Claims

01/06/2022

“Sufficient factual evidence” has emerged that ESG factors were not taken into account in many investments, contrary to claims made in DWS fund prospectuses.

Fintech / Regtech

MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols

31/05/2022

The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.

ESG / Sustainability

Australasia Investor Group Partners with TNFD on Nature-related Risk

31/05/2022

The partnership will help drive the consideration, input and uptake of the TNFD framework in the Australian and New Zealand markets.