Fintech / Regtech

Five Parties Identified as Seeking Malaysia Digital Bank Licence

04/06/2021

A consortium involving Pertama Digital, Crowdo and INFOPRO is applying for a licence. Axiata Group and RHB Bank are jointly applying for another.

Fintech / Regtech

RBA to Modernise Identity, Access Management Capabilities

04/06/2021

The RBA has issued a tender request inviting firms to supply it technology to enhance its identity and access management capabilities.

FSC Korea Issues Guidance on Investment Suitability Tests

04/06/2021

The guidance sets out how investor suitability and appropriateness tests should be carried out during the sales process.

Fintech / Regtech

LINE to Roll Out Digital Banking Platform in Indonesia

03/06/2021

The launch will mean Japan’s LINE will be offering digital banking services in three of its biggest overseas markets, namely Indonesia, Thailand and Taiwan.

Securities / Derivatives

Australia Considers Additional Rules for Litigation Funders

02/06/2021

The government will consider capping fees and the introduction of a minimum rate of return for class action members.

Capital / Liquidity

BSP Sets Out Approval Procedures for Bad Loan Disposal

02/06/2021

The BSP has set out the procedure for lenders to apply for approval to dispose of NPAs under the provisions of the FIST Act.

AML / KYC

Philippines: 26 Groups Jointly Call for Easing of Bank Secrecy Law

02/06/2021

The groups say the Philippines lags the world on bank secrecy and allows politicians and other government officials to hide unexplained wealth.

New Reputational Risk Guidelines to Strengthen Resilience: BSP

01/06/2021

Financial institutions have until April 2022 to fully comply with the BSP’s new guidelines on reputational risk management.

Enforcement

APRA Targets Risk Culture in Superannuation Sector

31/05/2021

APRA is piloting a risk culture survey with plans to roll it out to a number of superannuation entities in 2022.