AML / KYC

US Sanctions Another 14 Chinese Officials Over Hong Kong

08/12/2020

A Chinese foreign ministry spokesperson said Beijing would take “firm counter-measures against the malicious actions by the US”.

Securities / Derivatives

SFC Amendments to REIT Code Have Taken Effect

08/12/2020

The SFC has also adopted a more streamlined approach to compliance with requirements regarding vetting and approval of REIT-issued announcements and circulars.

Capital / Liquidity

Addressing Credit Risk Uncertainty Through Collateral & Data

08/12/2020

Panellists at a recent Regulation Asia webinar highlighted the importance of sound collateral management and data practices to manage loan loss uncertainty in the year ahead.

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.