Securities / Derivatives

SFC Proposes Amendments to Position Limit Regime

26/04/2022

The proposals will expand the list of futures and options contracts for which the SFC may prescribe position limits.

AML / KYC

BSP Directs FIs to Implement Controls Against Cyber Fraud

26/04/2022

The recommended control measures include the removal of clickable links in emails and SMS and customer notifications for fund transfers and contact information changes.

Big Picture

FSB Proposes Policy Measures to Address EM Vulnerabilities

26/04/2022

The proposals seek to reduce vulnerabilities from foreign currency borrowing, including by exploring ways to reduce the “mechanistic use of credit ratings” by index providers.

AML / KYC

AMLC Philippines Launches Review of Sanctions Screening Practices

26/04/2022

The AMLC has partnered with AML Analytics as its testing and validation partner to conduct a thematic review of customer- and transaction-screening systems at FIs and DNFBPs.

Capital / Liquidity

PBOC Lowers Forex Reserve Requirement for Banks

26/04/2022

The move is aimed at slowing the depreciation of the yuan, which has recently fallen to a one-year low against the dollar.

Fintech / Regtech

BIS, Bank Indonesia Invite Firms to Solve CBDC Challenges

26/04/2022

Firms are invited to develop new solutions for issuing and distributing CBDCs, improve interoperability and advance financial inclusion.

Enforcement

MAS Penalises Two CIMB Securities Brokers for False Trading

26/04/2022

The two brokers rigged the market for Kris Wiluan, who was convicted and fined in May 2021 for manipulating the stock prices of KS Energy where he was CEO.

AML / KYC

Australia Sanctions More Russian Lawmakers, US Blocks Port Access

26/04/2022

Australia has now sanctioned nearly 750 individuals and entities in response to the war in Ukraine. Russian-affiliated vessels are prohibited from entering US ports.

AML / KYC

FCA Directs Challenger Banks to Bolster FCC Controls

26/04/2022

The FCA said it found weaknesses relating to customer due diligence, risk assessment, management of transaction monitoring alerts, and SAR quality.