Markets & Infrastructure

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    KYC & CDD

    BNM Discloses Penalties Against Six Financial Institutions

    By Nithya Subramanian | 31/01/2025

    BM penalised AmBank, Maybank, RHB Bank, Maybank Islamic Berhad, AmInvestment Bank, and Worldwide Superstar Money Changer.

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    CBDCs

    Wholesale CBDCs More Likely to Gain Traction Than Retail CBDCs – Report

    By Thisanka Siripala | 31/01/2025

    Wholesale CBDCs are more likely to launch ahead of retail CBDCs on account of clearer efficiency gains and lower barriers to adoption.

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    Structural Regulation

    SEBI Introduces Evaluation Mechanism for Committees of MIIs

    By Nithya Subramanian | 30/01/2025

    External agencies must evaluate the performance of the statutory committees every three years, and MIIs must conduct internal assessments annually

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    Conduct, Culture & Accountability

    UK FCA Won’t Ban Bankers from Using WhatsApp

    By Nithya Subramanian | 30/01/2025

    FCA Chief Executive Nikhil Rathi said the regulator will work with firms on a case-by-case basis rather than implement a blanket ban

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    Trading & Investment

    Korea Eases Access to Government Bonds for Foreign Investors

    By Editors | 30/01/2025

    The measures come ahead of the inclusion of South Korean government bonds in the WGBI, starting in November 2025.

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    Trading & Investment

    CSRC to Promote Development of Index Investment Products

    By Manesh Samtani | 30/01/2025

    The CSRC will establish a fast-track registration mechanism for registering stock ETFs and expand cross-border ETF connectivity

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    Trading & Investment

    China Grants Three Insurance Firms Approval for Stock Investments

    By Manesh Samtani | 29/01/2025

    The insurance firms received NFRA approval to participate in a pilot programme to invest CNY 52 billion in the stock market

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    Payments & Settlements

    China UnionPay to Enable QR Payments Connectivity for Indonesia

    By Editors | 29/01/2025

    Indonesia is UnionPay’s fourth country-level cross-border QR payment project in the Southeast Asian market after Cambodia, Vietnam and Laos.

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    Structural Regulation

    Philippine Sovereign Wealth Fund Set to Make First Investment

    By Nithya Subramanian | 29/01/2025

    The investment presents an opportunity for the government to gain greater influence over the nation’s critical power infrastructure, the President’s office said.

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    Fraud, Scams & Cybercrime

    New Zealand Starts Publishing More Data on Banking Complaints

    By Thisanka Siripala | 28/01/2025

    Kiwibank had the highest number of total cases for the October to December quarter when adjusted for market cap

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