MARKET INFRASTRUCTURE

Market Infrastructure

Green Finance Alliance for Greater Bay Area Launches

By Editors | 06/09/2020

The Alliance has been established to increase funding channels for green projects and guide government policies and investment projects.

Market Infrastructure

CBIRC Issues Action Plan to Enhance Governance at Banks, Insurers

By Editors | 06/09/2020

The action plan outlines a series of targeted measures and an implementation timetable to improve corporate governance at banks and insurers.

AML / KYC

BSP Confirms Ongoing Probe into State-run Bank Over Cyber Theft

By Sanday Chongo Kabange | 05/09/2020

Over $3mn was stolen from United Coconut Planters Bank through fraudulent ATM withdrawals and online transfers over a three-day holiday in June.

Market Infrastructure

China Issues Draft Rules Easing Foreign Access to Bond Market

By Editors | 04/09/2020

The rules simplify application procedures for foreign bond investors, unify rules governing various investment channels, and optimise remittance and foreign exchange operations.

Market Infrastructure

UOB Issues First Dual Tranche SORA-SOFR Loan for CapitaLand

By Manesh Samtani | 04/09/2020

UOB and CapitaLand aim to enhance market confidence in adopting SORA and help accelerate the transition away from SOR, in line with MAS objectives.

AML / KYC

SWIFT Details How Cyber Criminals Encash Stolen Funds

By Editors | 03/09/2020

In a new report, SWIFT and BAE Systems reveal how cyber attackers launder money and ‘cash out’ following large-scale heists.

Market Infrastructure

Three Lines of Defense: Failed Promises & What Comes Next

By Erich Hoefer | 03/09/2020

The 3LoD model and its proposed successor, the Three Lines Model, need to account for social and behavioural drivers of misconduct to achieve their potential.

Uncategorised

New US Exchange MEMX Postpones Launch for Additional Testing

By Sanday Chongo Kabange | 03/09/2020

Wall Street-backed MEMX will begin trading in six symbols on 21 September before trading all National Market System stocks on 29 September.

Market Infrastructure

Amex Joint Venture Commences Card Clearing Operations in China

By Editors | 03/09/2020

The joint venture has launched bank card clearing services in partnership with 16 commercial banks, three mobile payment platforms, and nonbanking payment services providers.