Payments & Settlements

RBI Opens RTGS, NEFT to Non-bank Payment System Providers

29/07/2021

Prepaid payment instruments, white label ATM operators and card networks can now connect to the RTGS and NEFT systems.

Capital Adequacy

MAS Ends Dividend Cap for Banks, Finance Companies

29/07/2021

Local banks and finance companies should still exercise continued prudence in their discretionary distributions, and prioritise support to customers.

Fraud, Scams & Cybercrime

FSC Finds VASP Deposit Accounts Linked to Fraudulent Activity

29/07/2021

Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.

Climate Risk

BOJ to Pursue ‘Learning-by-doing’ Approach to Climate Risk

29/07/2021

The BOJ will offer zero-interest funds to FIs making loans and investments to tackle climate change, study the programme’s impacts, and make adjustments when necessary.

Liquidity Risk

Thailand SEC Issues New Rules on Fund Liquidity Management

28/07/2021

Asset managers have until 1 January 2022 to have a board-approved policy in place and ensure the availability of sufficient liquidity management tools.

Trading & Investment

UBS Becomes First Foreign Bank to Offer Family Trusts in China

28/07/2021

UBS (China) Ltd will provide advisory services to high-net-worth households and offer family trust solutions that integrate wealth preservation and transfer.

Structural Regulation

Sumitomo Mitsui Seeks Approval to Launch China Brokerage

28/07/2021

Sumitomo Mitsui Financial Group and SMBC Nikko Securities filed a joint application with the CSRC on Tuesday.

Clearing & Post-Trade

SEBI Requires Segregation, Monitoring of Client Collateral

27/07/2021

The framework seeks to address previous instances of brokers defaulting and misusing clients’ securities and funds.

Data Privacy

Australia Consults on Expansion of CDR to Telecom Sector

27/07/2021

Telecommunications will be the third sector to be considered for designation after banking and energy, which were designated in 2019 and 2020.