Enforcement

Singapore Woman Admits to Receiving Criminal Proceeds

11/10/2021

On instructions from a man she met online, a secretary of a law firm opened bank accounts that were used to receive funds stolen from a Botswana bank.

ESG / Sustainability

OJK Indonesia Establishes New Sustainable Finance Task Force

10/10/2021

The task force comprises 47 financial institutions including banks, securities firms, insurers, pension funds and financiers.

Securities / Derivatives

SEBI Proposes Adjustments to IPO Book Building Framework

06/10/2021

SEBI says some issuers have been setting “extremely narrow” price bands to camouflage fixed price issues as book built issues.

Big Picture

IAIS Warns of Climate Risks Faced by Insurance Sector

06/10/2021

The IAIS estimates more than 35 percent of insurers’ investment assets are “climate-relevant”, i.e. exposed to climate risks.

Big Picture

FIA Calls for Deference in Derivatives Market Regulation

05/10/2021

FIA calls on regulators to recognise comparable home country regulation to promote more efficient and less costly market access.

Market Infrastructure

BSP Urges Passage of Bill to Tackle Rising Cybercrime

05/10/2021

The bill will strengthen the legal framework for financial consumer welfare and foster greater public awareness on cybersecurity, the BSP said.

Fintech / Regtech

RBNZ Issues Consultation on Potential CBDC Issuance

04/10/2021

A CBDC would help ensure central bank money remains relevant in a digital future, while also providing an additional monetary policy tool, the RBNZ said.

AML / KYC

BSP Updates e-KYC Guidelines for Financial Institutions

03/10/2021

The guidelines include national digital ID system PhilSys as an accepted method for verifying customer identities, subject to proper authentication.

Capital / Liquidity

RBI Finalises Guidelines on Loan Sales, Securitisation

30/09/2021

The new master directions will help develop India’s securitisation market and help lenders remove loan exposures from their books.