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AML / KYC
APAC Regulators Issue Nearly $4bn in AML Fines in H1 2020
By Editors | 19/08/2020
Fraudulent activity brought on by Covid-19 related initiatives may result in enforcement actions later in the year and into 2021, says Fenergo’s Rachel Woolley.
Big Picture
Asian Central Banks Fear Return of USD Funding Stress
By Editors | 19/08/2020
Trade frictions, a resurgence of Covid-19 infection rates, and rising corporate insolvency and credit rating downgrades could prompt renewed US dollar funding stress, says a new report.
AML / KYC
FFIS Charts Growth of Public-Private Partnerships in New Report
By Manesh Samtani | 19/08/2020
Public-private financial information sharing partnerships enhance the quality of regulatory reporting and improve law enforcement outcomes.
AML / KYC
Pakistan Legislature Progresses Five FATF-related Bills
By Editors | 18/08/2020
Pakistan has taken another step towards its removal from the FATF grey list with the passage of five new bills in the National Assembly.
Fintech / Regtech
BOT, UK Government Agree to Cooperate in Financial Services
By Editors | 16/08/2020
The MoU will see increased cooperation in areas such as accounting standards, governance and transparency, fintech development, and sustainable finance.
Capital / Liquidity
BSP Expects Sound Borrower Assessments, Forbearance Reporting
By Editors | 10/08/2020
Requirements to report forbearance granted to borrowers will ensure industry statistics reflect the “true health of the banking system” and incentivise prudence in banks’ credit decisions.
Market Infrastructure
APAC Firms Lag in IBOR Transition Preparation – Report
By Manesh Samtani | 05/08/2020
Apart from G-SIBs operation in the region, APAC firms are not prepared for the transition away from IBORs, according to a new report from Sia Partners.
Big Picture
Regulatory Fragmentation in Markets Undermines Economic Recovery
By Manesh Samtani | 05/08/2020
Fragmentation introduces distortions and inefficiencies, undermining financing when it is needed to facilitate the recovery from Covid-19, ASIFMA says in a new report.
Securities / Derivatives
Sri Lanka SEC Approves New Rules for REITs
By Duruthu E Chandrasekera | 05/08/2020
Real estate developers and owners can convert fully completed properties into REITs for listing on the CSE.
ESG / Sustainability
BSP Joins Network for Greening the Financial System
By Editors | 04/08/2020
The NGFS membership will strengthen BSP’s collaboration with central banks and supervisors on the effective management of climate risks in the financial sector.
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