Markets & Infrastructure

Conduct, Culture & Accountability

Advice Compensation Paid by Aussie Majors Tops A$3b

By Editors | 16/02/2022

As at end-2021, Australia’s major banks have paid or offered a total A$3.15 billion in compensation as a result of fees-for-no-service misconduct and non-compliant advice.

KYC & CDD

BOT Intervenes to Facilitate PayPal Transition to Local Service

By Darien Choong | 16/02/2022

PayPal has to relaunch services in Thailand to comply with new tax reporting rules and local AML regulations.

Structural Regulation

Australia to Further Refine Foreign Investment Regime

By Editors | 16/02/2022

The government is seeking views on further refinements to the foreign investment framework to ensure it remains fit for purpose.

Sustainable Finance

UBS, StanChart, BNP Sign On to Join VCM Initiative

By Editors | 16/02/2022

The initiative, now known as Carbonplace, will seek to develop infrastructure to facilitate reliable, secure, and scalable trading of high-integrity carbon credits.

Payments & Settlements

StanChart HK Becomes Direct Participant of China’s CIPS

By Editors | 16/02/2022

Standard Chartered Hong Kong is the first foreign bank qualified as a direct participant of China’s Cross-border Interbank Payment System in the offshore market.

Anti-Money Laundering

MAS Tables Bill to Obtain Enhanced Regulatory Powers

By Sanday Chongo Kabange | 15/02/2022

The Financial Services and Markets Bill will give MAS enhanced regulatory powers to address misconduct, crypto asset and technology risks.

Trading & Investment

FMSB Issues Standards on Sharing Investor Allocation Information

By Editors | 15/02/2022

The Standard sets out practices for syndicate banks on the sharing of investor allocation information in the fixed income primary markets.

Structural Regulation

Thailand SEC Proposes Revisions to Private Placement Rules

By Sanday Chongo Kabange | 15/02/2022

The changes streamline filing processes for offerings of newly issued shares through private placements, while bolstering investor protections.

Trading & Investment

RBI Allows Banks to Deal in Foreign Currency Settled OIS

By Editors | 15/02/2022

AD Cat-I banks are eligible to offer foreign currency settled overnight indexed swaps to persons not resident in India as well as to other AD Cat-I banks.