Market Infrastructure

AML / KYC

Korea: FSC Financial Sector Focus to Include Risk, Competition, Innovation

By Sanday Chongo Kabange | 07/02/2021

The FSC’s 2021 policy agenda for the financial sector will include measures to bolster risk management while also strengthening competitiveness and facilitating digital innovation.

AML / KYC

Greater Bay Regulators Sign MoU on Wealth Management Connect

By Manesh Samtani | 07/02/2021

The regulators agree to issue guidance to banks on product due diligence, investor protection, AML/CFT requirements and personal data protection, among other areas.

Market Infrastructure

UPDATED – HKEX to Acquire Stake in Guangzhou Futures Exchange

By Editors | 07/02/2021

The move, being the first-ever equity investment in a mainland futures exchange by a non-mainland investor, will help HKEX promote green and low-carbon markets across the region.

Market Infrastructure

RBI Issues Guidance to Enhance Internal Audit Function at NBFCs, UCBs

By Sanday Chongo Kabange | 07/02/2021

Internal audit frameworks of select NBFCs and UCBs will have to include an evaluation of the risk management systems and control procedures used in various areas of operations.

Crypto / Digital Assets

Taiwan Issues List of Institutions Required to Bolster Cybersecurity

By Ranamita Chakraborty | 05/02/2021

The critical infrastructure facilities believed to be on the list include Taiwan’s D-SIBs, science park operators and telecoms.

Market Infrastructure

Cambodia Officially Launches New Retail Payments System

By Ranamita Chakraborty | 05/02/2021

The development of the new system, known as Retail Pay, was backed by a $8mn grant from the Korea International Cooperation Agency.

ESG / Sustainability

CBIRC Issues Draft Guidelines on Corporate Governance

By Editors | 05/02/2021

The guidelines formalise obligations for banks and insurers to integrate Communist Party leadership in the governance of state-owned and private banks and insurers.

Capital / Liquidity

HK Bank Profitability Suffers, Loan Quality Deteriorates

By Editors | 04/02/2021

HKMA deputy chief executive Arthur Yuen says banks will continue to face challenges this year as Hong Kong suffers its worst recession on record.

Market Infrastructure

SWIFT Forms Majority-owned Joint Venture with PBOC

By Editors | 04/02/2021

The venture will be able to obtain necessary licences for network management activities, for compliance with local regulations.