Markets & Infrastructure

Conduct, Culture & Accountability

MAS Proposes New Rules to Improve Retail Client Safeguards

By Ranamita Chakraborty | 06/08/2024

The new requirements are designed to strengthen pre- and post-transaction safeguards for investment products.

Conduct, Culture & Accountability

MAS to Adjust Remuneration Rules for Financial Advisors

By Nithya Subramanian | 06/08/2024

The rules seek to promote proper supervision of financial advisers and reduce conflicts of interest and conduct risks in the industry.

Market Data & Technology

IFRS Foundation Issues Guidance on Digital Financial Reporting

By Ranamita Chakraborty | 06/08/2024

IFRS Foundation provides guidance to regulators on implementing digital taxonomies for digital financial reporting.

Structural Regulation

HKMA Confirms Plans to Simplify Three-Tier Banking System

By Manesh Samtani | 06/08/2024

Deposit-taking companies will have a five-year transition period to meet a HK$100mn capital requirement, compared to HK$25mn.

Trading & Investment

Saudi PIF Signs Investment Agreements with Six Chinese FIs

By Nithya Subramanian | 06/08/2024

The investment agreements totaling USD 50 billion aim to encourage two-way capital flows through both debt and equity.

Anti-Money Laundering

MAS Consults on Suspension of Certain China Remittance Channels

By Nithya Subramanian | 06/08/2024

MAS proposes to continue with the suspension announced last December and to expand its scope to include legal entities.

AI Risk & Governance

SEBI to Overhaul Approval Process for IPOs Using AI

By Ajoy K Das | 06/08/2024

A “template fill-in-the-blank IPO document” will be introduced and AI-based tools will be used to review the documents.

CBDCs

Bank Indonesia Issues Five-Year Payment System Blueprint

By Editors | 06/08/2024

Bank Indonesia Governor Perry Wariyo said the plan to issue digital rupiah has entered the final stages.

Fraud, Scams & Cybercrime

SET Chairman Calls for Reforms to Address Corporate Fraud

By Editors | 05/08/2024

The SET says legal reforms are needed to enable the SEC to bypass the police and go directly to prosecutors, similar to practices in the US, South Korea, and Japan.