BNM proposals resemble Hong Kong’s MiC regime in setting out key responsibilities and requiring appointment and naming of responsible individuals.
Bank Negara Malaysia wants to build a “competent” talent pool to enforce confidence and integrity in the financial system.
4th AMLD to prove a headache for Asian institutions which already share clients and data with EU-based subsidiaries, potentially influencing Asia-based parent institutions themselves.
Indonesian parliamentary commission appear unsure about Indonesian Banks’ ability to compete with foreign banks.
Link to be operational by year-end; will enable cross-border trading, clearing, settlement of shares between SGX and Bursa Malaysia.
US regulator cited concerns around valuation and liquidity, among other issues; but comments made in rejection letter open path to eventual approval.
Exchanges to be recognised by central bank once regulations are in place; draft guidelines on reporting obligations to come into force early 2018.
Securities Commission invites proposals from parties interested in participating in regulatory sandbox sessions under its innovation lab.
New guidelines introduce additional disclosure and reporting requirements for SRI-designated funds.
Central banks commit to fostering information exchange and cooperation in areas of licensing, on-site examinations, supervisory colleges, crisis management.