AML / KYC

HKMA Issues AML/CTF Competency Framework

14/12/2016

Enrolment in courses run by Hong Kong Institute of Bankers begins in April 2017.

Securities / Derivatives

Hong Kong SFC Cites Algo Trading Risk Mitigation Weaknesses

13/12/2016

Findings include insufficient management and control personnel involvement in governance.

AML / KYC

Bangladesh Bank Officials Said Involved in $81mn Heist

13/12/2016

Investigation finds central banks own officials connived to steal money.

Capital / Liquidity

S.Korea to Hasten Market Stabilisation Efforts

13/12/2016

Financial regulator to implement ‘prepackaged bankruptcy’ next year.

Australia Ups Accountability of Product Issuers, Distributors

13/12/2016

New rules state products must only be offered to customers who need them.

AML / KYC

NZ Central Bank Warns Credit Union on AML/ CTF

13/12/2016

RBNZ says Aotearoa union failed to conduct due diligence, monitor accounts.

Market Infrastructure

Indonesia Limits Foreign Ownership of Fintech Firms

12/12/2016

Draft rules also mandate minimum capital and financial reporting standards.

Market Infrastructure

Philippines Eases Bank Branch Opening Rules

12/12/2016

Lenders will now be able to set up branches in previously restricted areas.

Market Infrastructure

Indian Gov’t Says NSE Gave Preferential Access

12/12/2016

Finance minister Arjun Meghwal says loophole making system prone to manipulation closed on 3 December.