Structural Regulation

Hong Kong Launches Network of Family Office Service Providers

13/06/2023

The ‘Network of Family Office Service Providers’ will seek to support local and global family offices in setting up or expanding in the Hong Kong market.

AI Risk & Governance

MAS Launches Annual FinTech Hackcelerator, Focusing on ‘AI in Finance’

13/06/2023

Fintech firms and solution providers are invited to address 16 problem statements related to AI in the financial services industry.

Conduct, Culture & Accountability

Japan SESC Seeks Penalties Against Banks That Sold Risky Bonds

12/06/2023

The SESC is asking the FSA to penalised Chiba Bank and its subsidiaries for selling high-risk structured bonds to novice investors.

Anti-Money Laundering

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.

Liquidity Risk

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.

Credit Risk

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.

Clearing & Post-Trade

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.

Conduct, Culture & Accountability

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.

Payments & Settlements

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.