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Fintech / Regtech
Maybank to Enable Real-time Payments for Cambodia, Malaysia
By Editors | 12/10/2019
Cambodia’s central bank and Malaysia’s Maybank will work together to enable real-time cross-border transfers, payments and remittances between the two countries.
Market Infrastructure
Shenzhen, Swiss Bourses Sign Memorandum of Understanding
By Editors | 12/10/2019
The initiative will be used to share know-how, expand client networks, and explore cross-border financing alternatives and cooperation in research projects.
AML / KYC
Stock Connect to Launch Southbound Investor ID Regime “Soon”
By Editors | 12/10/2019
The launch of the investor identification regime for southbound trading will mark the first time mainland investors will have their personal information shared with Hong Kong’s regulator.
Market Infrastructure
Sri Lanka Finalises Personal Data Protection Bill
By Editors | 12/10/2019
The Bill was modelled after international practices including GDPR. Once ratified, it will be implemented in stages over three years.
Securities / Derivatives
CSRC Sets Key Dates for Cancelling Foreign Ownership Limits
By Editors | 11/10/2019
The foreign ownership limit will be cancelled next year for futures companies, fund managers and securities firms from 1 January, 1 April and 1 December, respectively.
Market Infrastructure
CBIRC Orders Self-Inspections to Correct Consumer Harm
By Editors | 11/10/2019
Banks and insurance companies are required to carry out self-inspections to detect and correct practices that infringe on the rights of consumers by 30 November.
Fintech / Regtech
Navigating Regulation for Singapore’s Banking 4.0
By Wissam Khoury | 11/10/2019
Singapore banking sector players are tasked with finding a balance between open innovation and regulatory compliance, says Finastra’s Wissam Khoury.
Market Infrastructure
Thailand Banking Sector Resilient to Severe Shocks: IMF
By Editors | 10/10/2019
Stress tests results and sensitivity analysis indicate that Thailand’s largest banks can withstand a shock broadly “as severe as the Asian financial crisis”.
Securities / Derivatives
Governance of OTC Derivatives Data Elements Finalised
By Editors | 10/10/2019
The FSB has now published the final governance arrangements for both the UTI and UPI, while CPMI-IOSCO has published the same for the other critical data elements.
Capital / Liquidity
Volcker Rule Rewrite Gets Final Approval After Fed Sign-off
By Editors | 10/10/2019
The revisions continue to prohibit proprietary trading, while providing greater clarity and certainty for activities allowed under the law.
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