Fintech / Regtech

CBIRC Steps Up Efforts to Control Risks in Internet Finance

17/09/2020

Regulators are working to include internet lending in credit reference systems, and to make it easier to jointly punish dishonest borrowers.

Securities / Derivatives

Myanmar Plans Second Stock Exchange For Public Companies

17/09/2020

The new exchange will be set up as a pre-listing board with looser listing requirements, and serve as a launchpad for listing on the YSX.

Crypto / Digital Assets

India Contemplates Law Banning Cryptocurrency Trading

17/09/2020

The government will still encourage blockchain, and is exploring its use to manage land records, pharmaceutical supply chains and educational records.

ESG / Sustainability

Singapore Fund Industry to Collaborate to Address Skills Gap

16/09/2020

The first phase of the initiative will equip asset management trainees with foundation skills as well as future-ready skills in fintech, impact investing and ESG.

AML / KYC

Japan FSA Probes E-money Providers as More Thefts Emerge

16/09/2020

NTT Docomo has reported additional cases of thefts through its e-money service. Japan Post Bank has identified similar thefts via five other operators.

Fintech / Regtech

Korea Forms Consultative Body to Tackle Digital Finance Risks

15/09/2020

With participation from industry participants, the body will seek to promote regulatory reform to promote innovation, fair competition and consumer safety in digital finance.

AML / KYC

DOJ Charges Three for North Korea Sanctions Breaches

15/09/2020

Two North Koreans and one Malaysian allegedly used front companies to deceive US banks into processing transactions for North Korean customers.

APRA, ACCC Update MoU on Financial Sector Cooperation

15/09/2020

APRA and the ACCC agree to a proactive approach to engagement, which includes regular, senior-level liaison meetings and a greater emphasis on information sharing and collaboration.

Securities / Derivatives

Thailand’s SEC Proposed to Raise Fees on Futures Trading

15/09/2020

The SEC wants to replace the annual fixed fee charged to the TFEX with a per-contract fee, which could more than triple the cost to the futures bourse.