Financial Crime

Structural Regulation

Indonesia Halts Fintech Registrations Amid Lack of Supervisory Capacity

By Editors | 01/03/2020

The OJK has temporarily halted new registrations from fintech firms to dedicate its supervisory resources on ensuring the quality of existing firms.

KYC & CDD

Six Key Ingredients for e-KYC Utility Success

By Niall Twomey | 28/02/2020

Fenergo’s Niall Twomey outlines a recipe for e-KYC Utility success, based on research of previous attempts in the marketplace, and looking at current initiatives being explored globally.

Reporting & Disclosures

Thailand SEC Sets Out Three Year Strategic Plan for Capital Market

By Editors | 28/02/2020

The strategic plan includes greater integration of ESG factors in the market, enhancing SME and startup access to capital, promoting the use of digital and e-KYC technologies, among others.

Credit Risk

CBIRC Considers New Bad Debt Managers to Resolve P2P Loans

By Editors | 28/02/2020

Companies in Shanghai, Zhejiang and Shenzhen have submitted applications to set up local asset managers to deal with bad loans, particularly those from P2P lending platforms.

Structural Regulation

New Securities Law Set to Take Effect in China

By Editors | 27/02/2020

The new law, set to take effect on Sunday, establishes the legal basis for the adoption of a registration-based IPO system across the entire A-share market.

Market Abuse

IOOF Faces Shareholder Class Action for Misconduct Non-disclosure

By Editors | 27/02/2020

Reports of potential misconduct first appeared in June 2015, followed by senate hearings and questioning from the Royal Commission, resulting in shareholder losses.

Cloud & Infrastructure

FSC Korea Unveils Policy Initiatives to Promote Fintech, Digital Finance

By Editors | 27/02/2020

South Korea’s FSC has announced new policy measures in five key areas to promote fintech and digital finance, and establish a stronger foundation for financial sector innovation.

Supervision & Enforcement

ASIC Reveals Sharp Increase in Investigations Involving Major FIs

By Editors | 27/02/2020

As of 1 January, ASIC had 316 investigations on foot related to misconduct. Cases involving CBA, NAB, Westpac, ANZ and AMP increased 52% from 12 months earlier.

KYC & CDD

Meeting New Compliance Challenges Through Digital Identity

By Peter Guy | 27/02/2020

Digital identity systems could form a significant component of the compliance infrastructures at the new digital banks in the years to come, says Refinitiv’s Phillip Malcolm.