Securities / Derivatives

Bursa Malaysia Expands Market-making Framework

08/12/2020

The expansion will enhance the attractiveness and competitiveness of the capital market, and entice more investors and market participants, Bursa says.

AML / KYC

US Congress Includes Corporate Transparency in Defence Bill

08/12/2020

The legislation will establish reporting requirements on beneficial ownership information, which could effectively end anonymous shell companies in the US.

ESG / Sustainability

HKMA Invites Banks to Participate in Climate Stress Testing Pilot

07/12/2020

Participating banks will need to assess physical risk and transition risk separately under different scenarios, and evaluate the financial impact in both the short term and long term.

Uncategorised

Singapore Launches Regional Research Institute for Digital Finance

07/12/2020

One of the Asian Institute of Digital Finance’s first projects is to build a data-sharing platform that can train models to improve credit assessments, said Deputy Prime Minister Heng Swee Keat.

ESG / Sustainability

Singapore Launches National Blockchain Innovation Programme

07/12/2020

The initiative is aimed at further strengthening Singapore’s blockchain ecosystem and promoting the adoption of scalable and interoperable blockchain solutions.

Securities / Derivatives

APRA Orders Banks to Correct Deficient Securitisation Practices

07/12/2020

APRA has found a number of banks not in compliance with its prudential standard on securitisation. A review now underway will continue into 2021.

Fintech / Regtech

Singapore Launches Digital Infrastructure to Facilitate Financial Planning

07/12/2020

SGFinDex uses SingPass and a centrally managed online consent system to enable individuals to access their financial information held across different government agencies and FIs.

AML / KYC

SFC Proposes to Introduce HK Investor ID Regime in 2022

06/12/2020

The proposed investor ID regime is expected to be implemented in Q1 of 2022 at the earliest. A separate reporting regime is proposed for OTC securities transactions.

Enforcement

CBIRC Penalises Bank of China Over April Crude Oil Losses

06/12/2020

Bank of China was fined over 50mn yuan and ordered to correct deficiencies, strengthen compliance awareness and improve risk management.