AML / KYC

NZ DIA Warns Real Estate Firm for AML Non-compliance

09/06/2023

The warning is the second the DIA has issued to a real estate agent since the AML/CFT Act began applying to real estate agents in 2019.

Capital / Liquidity

BSP Reduces Reserve Requirements for Banks, NBFIs

09/06/2023

The BSP says the lower reserve requirements will help to ensure stable domestic liquidity and credit conditions.

Capital / Liquidity

RBI Issues New Framework for Compromise Settlements and Loan Write-offs

08/06/2023

The framework aims to provide further impetus to stressed asset resolutions and establish harmonised standards across lenders.

Market Infrastructure

Indonesia Launches New Securities Lending and Borrowing Facility

08/06/2023

PASLA chair Jason Wells said IDClear’s new bilateral SLB facility will enable better price discovery and greater market resilience.

Enforcement

ACMA Fines CBA for Breaching Australia’s Spam Laws

08/06/2023

CBA sent more than 65 million emails that did not comply with Australia’s spam laws, the ACMA said on Wednesday.

Market Infrastructure

RBI Unveils Plans to Enhance Payment Systems

08/06/2023

The RBI will allow Indian banks to issuance RuPay prepaid forex cards and expand the scope and reach of e-RUPI digital vouchers.

Crypto / Digital Assets

US SEC’s Binance Suit Delays Korea Gopax Acquisition

08/06/2023

The FSC has suspended planned management changes at crypto trading platform Gopax, which was acquired by Binance in February.

Securities / Derivatives

Bursa Gets In-Principle Approval for New Debt Fundraising Platform

08/06/2023

The Securities Commission has granted Bursa and RAM in-principle approval to manage and operate a new debt fundraising platform.

Fintech / Regtech

Australia Confirms it Will ‘Pause’ CDR Expansion Plan

08/06/2023

Treasury is pausing plans to expand the CDR to the superannuation, insurance and telecommunications sectors.