Market Infrastructure

RBI Lifts Diners Club Restrictions Citing ‘Satisfactory Compliance’

14/11/2021

Restrictions prohibiting Diners Club from onboarding new domestic customers have been lifted. Similar restrictions are still in place for Amex and Mastercard.

Securities / Derivatives

RBI Permits FPIs to Buy Debt Issued by REITs, InvITs

13/11/2021

The move will help REITs and InvITs to raise debt at competitive rates, boost institutional investor participation, and improve unit holders’ risk-adjusted returns.

Fintech / Regtech

Indonesia Religious Council Declares Crypto Assets Forbidden

12/11/2021

Crypto assets as a currency are considered haram, or banned, for Muslims, according to Indonesia’s National Ulema Council.

Capital / Liquidity

APRA Sets Out Macroprudential Policy Framework

12/11/2021

APRA has defined certain credit measures it can take to address systemic risks if needed, such as temporary lending limits and minimum lending standards.

Capital / Liquidity

BCBS Finalises Revisions to Market Risk Disclosure Requirements

12/11/2021

The BCBS has also finalised standards for banks to use when disclosing their sovereign exposures and risk-weighted assets.

AML / KYC

Singapore, UAE Conclude Digital Trade Financing Pilot

12/11/2021

The pilot enabled trading counterparties and transacting banks to digitally validate and exchange trade documents in real-time.

Enforcement

SFC Bans Two Ex-Licensees Over Use of Client Accounts

12/11/2021

One former representative effected discretionary trades in clients’ accounts without authorisation. The other traded his own stocks from a client’s accounts.

Fintech / Regtech

Malaysia Joins PoC Project to Test Cross-border Payment Links

11/11/2021

BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.

AML / KYC

APG Re-rates Sri Lanka on One FATF Recommendation

11/11/2021

Sri Lanka extended its foreign exchange declaration requirements to include the full range of bearer negotiable instruments, in line with Recommendation 32.