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AML / KYC
FSB Reports Progress on Correspondent Banking Decline
By Manesh Samtani | 19/03/2018
Report discusses strengthening due diligence tools to support correspondent banking relationships and improved monitoring.
Fintech / Regtech
CBRC Wants Banks to Up Their Data Game
By Samuel Riding | 19/03/2018
Regulator says it has observed data governance regimes in other jurisdictions; says Chinese lenders’ data can be inaccurate, insufficiently comprehensive, and outdated.
Enforcement
Cyber Threats Top ASIC Agenda
By Samuel Riding | 19/03/2018
Australian securities regulator warns on ‘malicious cybercrime’; says surveillance of OTC markets will be another 2018 priority.
Market Infrastructure
UPDATED – India Securities Regulator Mulls Changes to Algorithmic Trading Framework
By Garima Chitkara | 18/03/2018
SEBI is considering imposing a congestion charge for high volume trading to address concerns on unfair market access to India’s exchange trading systems.
Enforcement
S.Korea to Tighten Financial Holding Company Governance Rules
By Editors | 18/03/2018
Financial regulator says it will toughen rules on appointments amid corporate governance concerns re excessive influence, lack of innovation.
Market Infrastructure
Malaysia Establishes Working Group to Digitise Brokerage Industry
By Garima Chitkara | 18/03/2018
The BRIDGe working group will work to enhance operational efficiencies and service standards, promote innovation and reduce brokerage costs.
Fintech / Regtech
MAS to Streamline Data Submissions, Reduce Burden for FIs
By Editors | 16/03/2018
Financial institutions will be allowed to decline MAS requests for previously-submitted data; new regulatory returns to be submitted in machine-readable formats.
Market Infrastructure
India Bans Bank Issuance of Key Trade Finance Instrument
By Manesh Samtani | 16/03/2018
An estimated $10bn in LoUs will need to be wound down within three months, forcing banks to rebalance assets and liabilities.
Market Infrastructure
Myanmar Central Bank Pushes for New Moveable Assets Law
By Garima Chitkara | 15/03/2018
A moveable asset finance law would enable banks to accept collateral other than real estate such as stock, equipment and receivables.
Market Infrastructure
MAS to Weigh in on Bank HR Practices
By Samuel Riding | 15/03/2018
Advisory group will develop best practices for the industry, including more inclusive, skills-based hiring policy.
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