Anti-Money Laundering

SFC Sanctions Responsible Officer Over Licensee AML Compliance Failures

10/01/2024

The SFC suspended Andy Wong Yeung for 10 months over his role in City International Futures’ AML compliance failures.

Trading & Investment

Philippine Regulators Pledge to Deepen Bond Market

09/01/2024

The objective is to increase the diversity of corporate borrowers that issue bonds and to make risk pricing more active.

Reporting & Disclosures

HK Regulators Unveil New Sustainable Finance Initiatives

09/01/2024

Hong Kong will adopt the IFRS Sustainability Disclosure Standards and integrate transition considerations into policy work.

Anti-Money Laundering

Vietnam: SBV Directs Banks to Strengthen AML Controls

08/01/2024

The directions come after Vietnam implemented a new AML law in 2022 and “Decree 19” in April 2023 to support implementation.

Payments & Settlements

Korea FSC to Launch New Microfinance Assistance Platform

08/01/2024

The new online platform will help users find suitable microfinance products based on their financial needs and situation.

Conduct, Culture & Accountability

ASIC Extends Product Intervention Orders on Short Term Credit

06/01/2024

The product intervention orders issued in July 2022 were to remain in force for 18 months. They will now remain in force until 1 October 2032.

Payments & Settlements

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.

Trading & Investment

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.

Credit Risk

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.