AML / KYC

MAS Tables Bill to Obtain Enhanced Regulatory Powers

15/02/2022

The Financial Services and Markets Bill will give MAS enhanced regulatory powers to address misconduct, crypto asset and technology risks.

Securities / Derivatives

Thailand SEC Proposes Revisions to Private Placement Rules

15/02/2022

The changes streamline filing processes for offerings of newly issued shares through private placements, while bolstering investor protections.

Big Picture

Capital Controls Slowing Down Cross-Border Payments: CPMI

13/02/2022

Using SWIFT gpi datasets, CPMI identified capital controls, longer bank offline hours, and batch processing as factors that slow down cross-border payments.

Market Infrastructure

HK Clearinghouses Ask Participants to Review Operational Procedures

13/02/2022

Participants are warned that failure to adhere to the settlement timelines stipulated by the clearinghouses would constitute an event of default, which could result in disciplinary actions.

Securities / Derivatives

SEBI Directs Fund Managers to Constitute Audit Committees

12/02/2022

AMC audit committees will have obligations to review findings of suspected fraud, irregularities, internal control failures, and other issues highlighted by whistleblowers.

Big Picture

Banks with Shadow Loans Face Higher Funding Costs

10/02/2022

A new BIS paper finds that banks with high shadow loans face higher funding costs in the wholesale market and witness lower returns during market stress.

AML / KYC

US DOJ Makes Largest Ever Cryptocurrency Seizure

10/02/2022

The DOJ seized a record USD 3.6 billion in bitcoin tied to the 2016 Bitfinex hack, representing the largest financial seizure in its history.

Fintech / Regtech

Boston Fed, MIT Research Shows Potential For CBDC

10/02/2022

Project Hamilton produced a code base capable of handling 1.7 million transactions per second, 99% of which reached settlement finality in under one second.

Philippine SEC Proposes Fee Cap Guidance for Lending Companies

09/02/2022

The proposed guidance seeks to operationalise a BSP circular which was implemented earlier this year to curb predatory lending practices.