Fintech / Regtech

Bursa Malaysia, Alliance Bank Establish Data Partnership to Help SMEs

10/02/2021

Bursa’s datasets and analytics capabilities will enable Alliance Bank to identify issues at SMEs and proactively recommend relevant solutions and advise on financing.

Fintech / Regtech

PayNow Now Available on GrabPay, Singtel Dash, Liquid Pay

10/02/2021

The Association of Banks in Singapore says PayNow has been made available to non-bank financial institutions for the first time since its launch in 2017.

Capital / Liquidity

RBNZ to Reintroduce LVR Restrictions to Contain Risk

10/02/2021

Deputy governor Geoff Bascand says the financial stability risks now exceed those foreseen at the time of the RBNZ’s consultation in December.

Capital / Liquidity

RBI Extends Liquidity Support Measures for Financial Sector

10/02/2021

The RBI has deferred implementation of the NSFR and the final tranche of the CCB, while also extending a number of other liquidity-boosting initiatives.

Securities / Derivatives

RBI Allows Indian Residents to Open GIFT City Accounts

09/02/2021

Funds deposited in GIFT City foreign currency accounts by Indian residents can only be used for investment purposes and not for spending.

CBIRC Issues Rules on Evaluating Performance of Bank Directors

09/02/2021

Banks and insurers have to evaluate the performance of their directors and supervisors each year and classify them as “competent”, “basically competent” or “incompetent”.

Fintech / Regtech

China Finalises Anti-monopoly Rules for Internet Platforms

09/02/2021

The rules prohibit platform operators from abusing their market dominant positions through behaviour designed to reduce or restrict competition.

Enforcement

FINRA Fines HSBC Securities Over Employee Screening Failures

09/02/2021

FINRA fined HSBC Securities $650,000 for failing to screen 2,191 non-registered associated persons for statutory disqualification.

AML / KYC

HK Banks Told to Stop Accepting BNO Passports as Valid ID

09/02/2021

The HKAB updated its guidance for banks after the government said it would no longer recognise BN(O) passports as valid travel documents or forms of identity.