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AML / KYC
Philippine SEC Backs Amendments to Bank Secrecy Law
By Ranamita Chakraborty | 21/06/2021
Bank secrecy has prevented the SEC from validating information and establishing the owners of bank accounts linked to securities violations.
Market Infrastructure
US Fed Extends Swap Lines with Nine Central Banks
By Sanday Chongo Kabange | 20/06/2021
The Fed has extended facilities provided to the central banks of Australia, Korea, Singapore and New Zealand, among others.
Securities / Derivatives
Hong Kong-Thailand Mutual Recognition of Funds Takes Effect
By Manesh Samtani | 17/06/2021
Hong Kong’s SFC and Thailand’s SEC say the MRF scheme has taken effect. Both have issued new guidance on obtaining authorisation under the scheme.
Market Infrastructure
UK Regulators Support US ‘SOFR First’ Proposal on Interdealer Swaps
By Editors | 17/06/2021
The FCA and BOE encourage liquidity providers to change USD linear swap trading conventions from USD LIBOR to SOFR on 26 July 2021.
Facing the Next Crisis with Greater Liquidity Certainty
By Editors | 17/06/2021
More granular deposit modeling and enhanced stress testing approaches will augment liquidity risk management practices, says Gavin Pugh at AxiomSL.
Fintech / Regtech
BIS Innovation Hub Launches Nordic Centre in Stockholm
By Manesh Samtani | 16/06/2021
The Nordic Centre was opened in collaboration with the central banks of Denmark, Iceland, Norway and Sweden.
AML / KYC
SEC Orders Finance, Lending Companies to Submit AML Plans
By Editors | 16/06/2021
All financing and lending companies have until 21 June to submit plans for implementing a comprehensive and risk-based AML/CFT programme.
BOK Seeks Monetary Policy Normalisation This Year
By Ranamita Chakraborty | 16/06/2021
The central bank is considering a possible increase in its policy rate and a normalisation of monetary policy this year.
Securities / Derivatives
US Federal Court Sanctions Australian Trader for Spoofing
By Sanday Chongo Kabange | 15/06/2021
The Propex Derivatives trader is required to repay $21,000 in disgorgement and cease and desist from violating anti-spoofing and manipulation rules.
ESG / Sustainability
SGX, Nasdaq Partner to Enhance ESG Visibility of APAC Issuers
By Editors | 15/06/2021
The addition of SGX data to Nasdaq’s sustainable bond network will enhance transparency of green, social and sustainability bonds in Asia Pacific.
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