FSC Australia Proposes Removal of Financial Advice Red Tape

22/04/2021

There are significant opportunities to reduce the cost and complexity of providing financial advice, the FSC says in new paper.

Strategy Launched to Help New Zealanders Understand Money

21/04/2021

The strategy includes a three-year plan to enable the financial sector to work together to help the public learn how to make good decisions around money.

Securities / Derivatives

Deutsche to Move Pricing Engine for EM Currencies to Singapore

20/04/2021

The move is in part aimed at increasing algorithm capacity for trading Chinese yuan, the most heavily traded emerging market currency.

Capital / Liquidity

Bangladesh Bank Issues Guidelines on Country Risk Management

20/04/2021

From Q1 2022, banks will need to make general provisions on the net funded country exposures on a graded scale ranging from 0.25 to 20 percent.

AML / KYC

SG Police Probe 31 Individuals for China Official Impersonation Scams

19/04/2021

Victims were instructed to surrender money for fake investigations after being told their bank accounts were involved in money laundering activities.

AML / KYC

Philippine Banks May Face ‘Systemic Solvency Distress’: IMF

19/04/2021

Bank capital adequacy could fall to 11.7% by 2022 in a baseline scenario, 9.3% in an adverse scenario, and 4.9% in a severe adverse scenario.

Researcher Suggests PBOC Adopt US-Style Quantitative Easing

19/04/2021

The PBOC should adopt an aggressive monetary policy like that of the US Fed to boost consumption amid concerns about growing debt levels.

AML / KYC

Australia Launches Next Phase of Business Registry Modernisation

19/04/2021

Commissioner of Taxation Chris Jordan was appointed Registrar of the new ABRS, which will unify 32 business registers in Australia.

Securities / Derivatives

China-Japan ETF Connect Sees Launch of New Funds

19/04/2021

Daiwa Asset Management has listed two ETFs on the TSE while ICBC Credit Suisse Asset Management has listed one ETF on the SZSE.