AML / KYC

Bangladesh Revises Rules on Mobile Financial Services

17/02/2022

The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.

Securities / Derivatives

HK Government Set to Issue Inaugural Retail Green Bond

17/02/2022

Hong Kong financial secretary Paul Chan said the issuance allows residents to “directly contribute to greening Hong Kong and share the fruit of the sustainable development”.

Securities / Derivatives

Splitting Chairman, MD, CEO Roles No Longer Mandatory: SEBI

17/02/2022

Only 54 percent of the listed companies in scope had complied with the rule as of end-2021, so it will instead become voluntary.

Fintech / Regtech

Applications Open for ‘Data Specialising Institutions’ Designation: FSS

16/02/2022

Data specialising institutions are allowed to converge anonymised and pseudonymised data originating from different businesses for analytics purposes.

Fintech / Regtech

IMF Paper Offers Insights from Six CBDC Pioneer Projects

15/02/2022

A new IMF paper offers lessons on CBDCs drawn from ongoing projects in China, the Bahamas, Sweden, Uruguay, Canada and the ECCU.

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.