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ESG / Sustainability
Malaysia to Issue ESG Disclosure Guide for SMEs
By Editors | 01/09/2022
Regulators are also developing guidance on Malaysia’s taxonomy, exploring blended finance solutions, and developing a catalogue of climate risk data sources.
AML / KYC
Malaysian Court Convicts Wife of Najib Razak for Corruption
By Editors | 01/09/2022
Rosmah Mansor was convicted for taking bribes from a contractor in exchange for a government project to supply solar energy to rural schools.
Securities / Derivatives
China Launches First Affordable Rental Housing REITs
By Editors | 01/09/2022
The REITs started trading on Wednesday, after being more than 100 times oversubscribed among institutional investors two weeks earlier.
Crypto / Digital Assets
ASIC Warns Against Offering Risky Products to Retail
By Sanday Chongo Kabange | 01/09/2022
ASIC warns brokers against offering securities lending arrangements, crypto assets and so-called ‘zero brokerage’ offerings to retail investors.
Market Infrastructure
ORX, McKinsey Launch Operational Risk Control Library
By Editors | 01/09/2022
The ORX Reference Control Library contains 761 typical operational risk controls based on data collected from nearly 50 banks and insurers.
Fintech / Regtech
SWIFT Applies Data Intelligence to Remove Payment Friction
By Editors | 01/09/2022
SWIFT says its new capability ensures payments will go through regardless of whether the parties have transacted with each other before.
Market Infrastructure
Bangladesh Bank to Enable FX Clearing via RTGS System
By Editors | 01/09/2022
Banks can clear USD, GBP, EUR, CAD and JPY through the RTGS system starting from 4 September. CNY clearing will be allowed “soon”.
AML / KYC
Iran Passes Law Authorising Use of Crypto for Imports
By Editors | 01/09/2022
The new law formally allows government and local businesses to use cryptocurrencies as payment for imports.
Capital / Liquidity
APRA Frees Westpac from Add-on Liquidity Requirement
By Editors | 01/09/2022
The liquidity add-on was imposed in 2020 in response to breaches which APRA said demonstrated weaknesses in the bank’s risk management and oversight.
Fintech / Regtech
HKMA to Launch API Link from CCRA to CDI in Q4
By Manesh Samtani | 01/09/2022
Banks are encouraged to access credit data in the CCRA database via the CDI, to help them automate credit approvals and enhance efficiency.
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