Capital / Liquidity

BSP Amends Cheque Clearing Policy, Reintroduces Funding Facility

06/01/2024

The reforms are aimed at enhancing the efficiency and safety of the Philippine payments system.

Market Infrastructure

Philippine Bourse Outlines Plans to Boost Market Liquidity

05/01/2024

The PSE plans to lower the minimum board lot size, allow algorithmic trading, and introduce depositary receipts.

Capital / Liquidity

Chinese Banks Act Against Credit Risk Exposure – Report

04/01/2024

Some large Chinese banks are critically assessing small banks to identify those with poor asset quality and high risk of default.

AML / KYC

Philippines Directs DNFBPs to Tighten Suspicious Transaction Reporting

02/01/2024

Amended AMLC guidelines say no administrative, criminal or civil proceedings shall lie against any person for filing CTRs or STRs in good faith.

Enforcement

FSS Korea Fines BNK Kyongnam Bank for Employee Misconduct

02/01/2024

Former branch manager opened a securities account using his mother-in-law’s name and forged signature, and used it to place 193 stock trades.

ESG / Sustainability

HKMA Study Assesses Climate Risks of HK-domiciled Funds

29/12/2023

The study found that the climate risk of HK-domiciled funds is “in line with funds domiciled in other Asia-Pacific economies.”

Hong Kong MPFA Calls for Action to Guard Against Fraud

23/12/2023

The MPFA issued two circulars offering guidance to MPF intermediaries and MPF trustees on guarding against fraudlent activities.

Fintech / Regtech

RBA Sets Expectations for Enhanced Debit Card Market

22/12/2023

The RBA wants all industry participants to support token portability and token synchronisation by June 2025.

Market Infrastructure

HK AFRC to Start Inspections of Mainland Auditors of HK-Listed Entities

22/12/2023

Under a partnership with Chinese authorities, the AFRC will start to inspect engagements involving audit working papers located on the Mainland.