Market Infrastructure

ISDA Seeks Regulatory Clarity on LIBOR Pre-cessation Trigger

09/12/2019

ISDA is prepared to re-consult on adding a mandatory pre-cessation fallback clause in LIBOR contracts once it gets clarity from regulators on the implications of a “non-representative” LIBOR.

Capital / Liquidity

MAS Highlights FX Liquidity, Cyber Risk in Latest FSR

02/12/2019

In its latest Financial Stability Review, the MAS highlights pressures on foreign currency liquidity and the potential impacts of a cyber attack on Singapore banks and their service providers.

Capital / Liquidity

Significant Variation Among Banks in HKFRS 9 Reporting – Study

26/11/2019

Only some banks have been able to fully address the HKFRS 9 financial disclosure requirements, according to a new study from Mazars Hong Kong.

Securities / Derivatives

HKMA Warns FIs Against Churning Investment Funds for Clients

25/11/2019

The HKMA has issued new guidance aimed at preventing, detecting and mitigating misconduct risks at financial institutions in the selling of investment funds.

AML / KYC

We Need to Accelerate Regtech Transition in AML Work: HKMA

23/11/2019

We need to enable a wider application of technology to AML work in the sector, deputy chief Arthur Yuen said at the HKMA’s its first AML/CFT RegTech Forum on Friday.

Enforcement

SFC Warns Against Concealing Identities of Transacting Counterparties

22/11/2019

Listed entities should disclose counterparties’ controllers and beneficial owners in corporate transactions. Asset managers should maintain effective controls to detect dubious arrangements or transactions.

Market Infrastructure

Hong Kong Leads Asia on LIBOR Transition Readiness: KPMG

21/11/2019

Survey findings and discussions with banks in the region indicate a lack of readiness for the LIBOR transition. But, failure to keep up will eventually prove disruptive, KPMG says.

Market Infrastructure

MAS to Establish Singapore as a Leading Centre for Green Finance

11/11/2019

Our goal is to be a leading centre for green finance in Asia and globally, said Singapore Minister for Education Ong Ye Kung at Singapore Fintech Festival x SWITCH 2019.

Big Picture

Fintech Week: HKMA Announces New Fintech Initiatives

07/11/2019

As part of an ecosystem approach to fintech development, HKMA chief Eddie Yue wants to work with FIs, end users and technology firms to drive innovation in financial services.