Market Infrastructure

ASEAN Liberalises Cross-border Funds Framework

28/02/2018

ASEAN CIS framework revised to open greater fund participation between Malaysia, Singapore and Thailand.

AML / KYC

India to Tighten Rules for Alternative Investment Funds

26/02/2018

SEBI to increase focus on source and use of funds going through the alternative investment fund framework.

Enforcement

Australian Banks’ Bill for Dodgy Financial Advice Hits $40mn

22/02/2018

Australian banks paid an additional $16.7mn to compensate customers affected by “non-compliant” financial advice between 2009 and 2015.

AML / KYC

New KYC Norms a Turn-off for India’s Mobile Wallet Users

22/02/2018

Less than half of wallet consumers opted to be KYC-compliant before the 28 February deadline; new KYC norms will force telecom firms to verify customer data using third-parties, taking away their current advantage over other payment firms.

Enforcement

New Zealand Regulator Flags Market Misconduct

22/02/2018

Report outlines enforcement actions on market manipulation against Milford Asset Management trader, investigation into trading at Goldman Sachs, other cases of misconduct.

Malaysian Banks to ‘Rigorously Screen’ New Employees

19/02/2018

Bank Negara Malaysia wants to build a “competent” talent pool to enforce confidence and integrity in the financial system.

Big Picture

Singapore Banks Set for Profitability, Asset Quality Boost in 2018 – Moody’s

19/02/2018

DBS, OCBC and UOB will see greater interest income due to increased rates and improved capital buffers as oil and gas NPAs were recognised and provisioned in 2017.

Market Infrastructure

ASIC Publishes Credit Rating Agency Review

18/02/2018

Credit ratings agencies found lacking on compliance testing and board reporting.

Capital / Liquidity

Singapore to Raise Focus on Investment Fund Conduct, Governance

15/02/2018

MAS executive director also speaks about variable capital structure framework for investment funds slated for implementation in 2018.