Fintech / Regtech

BOJ Publishes Paper on Cloud Services Risk Management

15/03/2021

The paper is aimed at helping FIs to improve their IT governance by increasing awareness of cloud services and related risk management practices.

Market Infrastructure

Vietnam Works to Address System Overloads at HoSE

13/03/2021

Industry body VAFI is calling for new management at HoSE. Meanwhile, HNX is setting up a new board to absorb HoSE-listed companies to ease market overload issues.

OJK Signs Cooperation Agreements With AMDB, OECD

13/03/2021

The agreement with AMDB will enhance cooperation including in the supervision of financial institutions in Indonesia and Brunei.

Capital / Liquidity

RBI Removes IDBI Bank from PCA Framework After Four Years

11/03/2021

IDBI Bank has been removed from PCA restrictions following its latest financial position as of 31 December 2020.

Enforcement

Korean Bankers Grow Fearful of ‘Unilateral’ Regulatory Penalties

11/03/2021

Korea Federation of Banks chairman says the punishments imposed against executives whose banks sold Lime funds are seen by many as a way to shift blame.

Securities / Derivatives

OSE, TOCOM Propose Revised Contingency Plans for Derivatives

09/03/2021

The OSE and TOCOM have proposed revisions clarifying the standards by which they will halt and resume trading in the event of a disruption in the derivatives market.

AML / KYC

SEBI Updates Rules on UCC, PAN Use in Commodity Derivatives

09/03/2021

Execution of commodity derivatives trades will be prohibited without an upload of clients’ UCC details, which should be accompanied by the PAN or e-PAN.

AML / KYC

John McAfee Indicted for Crypto-related Fraud, Money Laundering

08/03/2021

McAfee and his associate allegedly used their large Twitter following to promote altcoins and ICOs to investors through a so-called pump-and-dump scheme.

Securities / Derivatives

IOSCO to Review Liquidity Risk Management at Investment Funds

08/03/2021

IOSCO is asking asset managers to participate in a survey on their liquidity risk management practices and experiences during the March 2020 market turmoil.