ADVERTISEMENT
AML / KYC
Singapore Authorities Issue First Charges in Wirecard Probe
By Editors | 08/08/2020
A director of Citadelle Corporate Services is said to have “wilfully and with intent to defraud” stated false balances held in escrow on behalf of Wirecard in 2016 and 2017.
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.
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.
Securities / Derivatives
HKEX Launches Second Batch of MSCI Index Futures
By Editors | 04/08/2020
The next batch of contracts is due to be launched on 17 August, with the final four contracts still awaiting regulatory approval.
Fintech / Regtech
BSP Pilot Tests New Chatbot for Consumer Complaints
By Editors | 31/07/2020
The chatbot can handle queries and complaints from consumers sent through chat via the BSP website, SMS, or Facebook messenger.
Securities / Derivatives
BSP Excludes Market-making Activities from Single Borrower Limit
By Editors | 29/07/2020
Debt securities acquired by banks from market-making activities will be excluded from the single borrower’s limit computation for 90 calendar days from the time of acquisition.
Crypto / Digital Assets
Philippines Launches DLT-based Distribution of Retail Treasury Bonds
By Sanday Chongo Kabange | 29/07/2020
The launch of ‘Bonds.PH’ paves the way for the unbanked to affordably and easily invest in retail treasury bonds, said National Treasurer Rosalia V. De Leon.
Capital / Liquidity
BSP Cuts Reserve Requirements for Smaller Banks
By Editors | 21/07/2020
The move to lower the reserve requirement ratio for thrift, rural and cooperative banks will release an estimated $200mn into the economy.
Securities / Derivatives
CFTC Grants Certification to 23 HKFE Index Futures Contracts
By Editors | 20/07/2020
The 23 contracts can be offered and sold to US persons, and are among the new products being introduced as part of a ten-year licensing agreement with MSCI.
AML / KYC
BSP to Promote Inclusion by Lowering Investment Account Minimum
By Editors | 15/07/2020
The BSP is considering lowering minimum amount a client must maintain in an investment account from ₱1mn to ₱100,000.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.