Bangladesh Bank to Provide Escrow for E-commerce Payments

29/06/2021

Advance payments will be deposited with the central bank or other payment gateways until products bought online reach customers.

Market Infrastructure

Australia Passes Bill to Establish Monitoring Body for ASIC, APRA

27/06/2021

In its first year, the FRAA will assess ASIC to ensure it is operating in line with expectations and supporting the economic recovery.

Capital / Liquidity

RBI Issues New Dividend Distribution Guidelines for NBFCs

27/06/2021

The dividend ratio will be capped at 50 to 60 percent of a deposit-taking NBFC’s profits, depending upon the nature of the business.

Enforcement

ASIC Removes SocGen Securities Licence Conditions

27/06/2021

Independent expert did not identify any deficiencies in the adequacy and effectiveness of SocGen’s client money controls.

Fintech / Regtech

MAS Authorises Sandbox Graduate HGX as Market Operator

25/06/2021

The HGX member-driven private securities exchange formed out of an alliance between Fundnel, PhillipCapital, PrimePartners and Zilliqa.

Securities / Derivatives

CBSL Lifts Ban on Banks Buying Sri Lankan Sovereign Bonds

25/06/2021

Banks can purchase Sri Lankan sovereign bonds in the secondary market only using freshly raised borrowings from overseas.

ESG / Sustainability

Australian Regulators Flag Concerns Over Household Debt Risks

24/06/2021

APRA has written to large banks seeking assurances that lending standards are being maintained to prevent a buildup of risk in housing loan portfolios.

AML / KYC

Australia DTA Consults on Digital ID Expansion Plans

24/06/2021

The consultation will facilitate the introduction of legislation to expand access to the digital identity system to private sector entities.

Fintech / Regtech

SFA Forms ‘Club’ to Drive Fintech Community Development

24/06/2021

SG FinTech Club will enable fintech professionals to make deeper connections with industry peers, upskill and access growth opportunities.