AML / KYC

PNG’s BSP Financial Group Faces Possible AML Penalties

16/06/2021

Australia’s CBA and NAB are reportedly under scrutiny as they provided correspondent banking services to BSP Financial Group.

AML / KYC

SEC Orders Finance, Lending Companies to Submit AML Plans

16/06/2021

All financing and lending companies have until 21 June to submit plans for implementing a comprehensive and risk-based AML/CFT programme.

RBI Requires HFCs to Enhance Internal Audit Systems

16/06/2021

All deposit-taking HFCs irrespective of size, and non-deposit-taking HFCs with at least INR 50 billion in assets, have to put in place an RBIA framework.

AML / KYC

RUSI Calls On FATF to Devise Financial Inclusion Strategy

15/06/2021

Little concrete work has been done by the FATF so far to actively promote financial inclusion as part of its primary integrity mandate.

ESG / Sustainability

SGX, Nasdaq Partner to Enhance ESG Visibility of APAC Issuers

15/06/2021

The addition of SGX data to Nasdaq’s sustainable bond network will enhance transparency of green, social and sustainability bonds in Asia Pacific.

Securities / Derivatives

KRX to Launch Trade Compression Services This Year

15/06/2021

KRX has amended its OTC derivatives clearing and settlement rules to provide the legal basis for the introduction of trade compression services.

Securities / Derivatives

CSRC Approves Launch of Daiwa Securities Joint Venture

15/06/2021

Daiwa Securities (China) Co will be able to provide brokerage and securities underwriting services. Operations will commence soon.

Market Infrastructure

Credit Risk, Shadow Banking Present Ongoing Concerns: CBIRC

15/06/2021

CBIRC chairman Guo Shuqing has highlighted credit risk, shadow banking, illegal fundraising, and derivatives trading as key sources of financial system risk.

ESG / Sustainability

SGX Leverages Nikkei Partnership to Launch ESG REIT Derivatives

14/06/2021

The new futures contract aims to meet rising demand for integrating ESG considerations into investment portfolios, SGX said.