Payments & Settlements

NPCI Signs MOU to Enable UPI Payments in Oman

05/10/2022

NPCI and Oman’s central bank will study the possibility of connecting the UPI and RuPay card systems used in India with similar systems in Oman.

Emerging Prudential Risks

Korea to Relaunch Market Stabilisation Fund This Month

05/10/2022

The stabilisation fund will be worth a reported $7bn and be used to inject money in the local stock market if it continues to fall.

Operational Risk

FMA Proposes Guidance on Keeping Proper Accounting Records

05/10/2022

The FMA offers guidance for reporting entities on their obligations under the FMC Act to keep proper accounting records.

Reporting & Disclosures

Taiwan Amends Prospectus Rules to Accommodate ESG Funds

05/10/2022

The draft amendments specify the disclosures securities investment trust funds must make in their prospectuses if they are ESG-themed.

Trading & Investment

SEBI Extends 2FA Requirement to Fund Subscription Transactions

05/10/2022

AMCs are already required to authenticate mutual fund redemption transactions. The requirement is being extended to include subscription transactions.

Capital Adequacy

Further Progress Made to Adopt Basel III Standards: BCBS

05/10/2022

The latest update highlights progress to implement the Basel III standards from APAC jurisdictions including Australia, Indonesia, Japan and China.

Structural Regulation

Australia Releases Report Addressing Bank Branch Closures

05/10/2022

The report says banks need to improve communication and support provided to local communities when regional branches close or their hours are reduced.

Anti-Money Laundering

Basel AML Index: Progress in AML/CFT Remains “Paralysed”

05/10/2022

New Zealand, Australia, Taiwan and Singapore received the best ML/TF risk scores among APAC jurisdictions in the latest Basel AML Index.

ESG Data

Thai Stock Exchange Launches New ESG Data Platform

05/10/2022

Phase one allows listed companies to submit ESG data to the platform. Phase two will enable the distribution of ESG data to the public domain within the Q2 2023.