Securities / Derivatives

Temasek Launches Subsidiary to Support Singapore Hub Ambition

28/10/2021

65 Equity Partners will invest in high-growth companies as part of an initiative to broaden Singapore’s proposition as a financing hub.

Capital / Liquidity

BOJ Warns of Higher Credit Costs, Market Risks

28/10/2021

In its financial system report, the BOJ said the delayed economic recovery is raising credit risks, particularly in the highly-leveraged real estate sector.

RBI Orders Banks to Report Data on Borrower Relationships

27/10/2021

The RBI said it has observed “a low level of relationship segment details” in the databases of credit information companies.

Australia Empowers ASIC as Financial Advice Disciplinary Body

26/10/2021

Parliament has passed legislation enabling an ASIC panel to become the sole disciplinary body for financial advisers from January 2022.

AML / KYC

Singapore Court Charges Property Agent for Failing to File STR

26/10/2021

The agent collected a bag of cash for a property purchase. It was later discovered that the purchaser was an undischarged bankrupt and operated illegal gambling dens.

Capital / Liquidity

RBI Extends Basel III Rules to All India Financial Institutions

26/10/2021

EXIM Bank, NABARD, NHB and SIDBI are increasingly seen as key institutions for promoting the flow of credit to certain economic sectors.

AML / KYC

Singapore Court Fines Man for Falsifying North Korea Invoices

25/10/2021

The business dealings were not in violation of sanctions regulations but the falsification of invoices to conceal them from banks has resulted in a S$210,000 fine.

APRA Postpones Implementation of Updated ARS 720.1

21/10/2021

Delaying the commencement will provide ADIs with more time to make transition to the updated standard, APRA said.

Capital / Liquidity

Vietnam: SBV Seeks New Law on Bad Debt Resolution

11/10/2021

The law is needed to replace ‘Resolution 42’, which enabled the transparent sale of bad debts and collateral, but is due to expire next year.