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Fintech / Regtech
NPCI Signs MOU to Enable UPI Payments in Oman
By Editors | 05/10/2022
NPCI and Oman’s central bank will study the possibility of connecting the UPI and RuPay card systems used in India with similar systems in Oman.
Securities / Derivatives
Korea to Relaunch Market Stabilisation Fund This Month
By Editors | 05/10/2022
The stabilisation fund will be worth a reported $7bn and be used to inject money in the local stock market if it continues to fall.
FMA Proposes Guidance on Keeping Proper Accounting Records
By Editors | 05/10/2022
The FMA offers guidance for reporting entities on their obligations under the FMC Act to keep proper accounting records.
ESG / Sustainability
Taiwan Amends Prospectus Rules to Accommodate ESG Funds
By Editors | 05/10/2022
The draft amendments specify the disclosures securities investment trust funds must make in their prospectuses if they are ESG-themed.
Securities / Derivatives
SEBI Extends 2FA Requirement to Fund Subscription Transactions
By Editors | 05/10/2022
AMCs are already required to authenticate mutual fund redemption transactions. The requirement is being extended to include subscription transactions.
Capital / Liquidity
Further Progress Made to Adopt Basel III Standards: BCBS
By Editors | 05/10/2022
The latest update highlights progress to implement the Basel III standards from APAC jurisdictions including Australia, Indonesia, Japan and China.
Australia Releases Report Addressing Bank Branch Closures
By Editors | 05/10/2022
The report says banks need to improve communication and support provided to local communities when regional branches close or their hours are reduced.
AML / KYC
Basel AML Index: Progress in AML/CFT Remains “Paralysed”
By Editors | 05/10/2022
New Zealand, Australia, Taiwan and Singapore received the best ML/TF risk scores among APAC jurisdictions in the latest Basel AML Index.
ESG / Sustainability
Thai Stock Exchange Launches New ESG Data Platform
By Editors | 05/10/2022
Phase one allows listed companies to submit ESG data to the platform. Phase two will enable the distribution of ESG data to the public domain within the Q2 2023.
ESG / Sustainability
MAS Announces Initiatives to Promote Blended Finance
By Editors | 05/10/2022
S$5mn in grants will fund innovations in blended finance. The GFANZ APAC Network will develop guidance for FIs on phasing out coal power.
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