Reporting & Disclosures

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.

Fraud, Scams & Cybercrime

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.

Cloud & Infrastructure

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.

PEPs & Sanctions

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.

Structural Regulation

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.

Structural Regulation

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.

Payments & Settlements

BSP Launches Digital Payment Platform for Retail Transactions

14/09/2020

The New Order of Payment System, or NOPS, is a secure web-based system that offering various channels through which payments can be made to the BSP.

Trading & Investment

Taiwan Central Bank Denies Ordering Traders to Limit US Dollar Sales

14/09/2020

The central bank said the directions to traders were aimed at facilitating the smooth flow of the local foreign exchange market, and that it respects bid-offer practices in the FX market.

Trading & Investment

SEBI Directs Multi Cap Funds to Raise Exposure to Smaller Stocks

14/09/2020

New guidelines will force multi cap funds to dump large cap stocks in favour of small- and mid-cap stocks by January 2021.