Structural Regulation

StanChart Seeks Regulatory Approval for China Securities Unit

13/10/2020

The CSRC has accepted an application from Standard Chartered Hong Kong to set up a securities firm in the mainland.

PEPs & Sanctions

RegTech Asia 2020: Sanctions & PEPs Screening

13/10/2020

What role do data and technology play in protecting financial institutions from exposure to the risks associated with sanctions and PEPs?

Structural Regulation

CSRC Probe Forces Ant Group to Delay IPO – Report

13/10/2020

The CSRC is said to be looking into the role of Alipay as the only third-party channel through which retail investors could buy into five mutual funds investing in the IPO.

Anti-Money Laundering

US Justice Dept Publishes Cryptocurrency Enforcement Framework

13/10/2020

The framework provides a detailed threat overview, cataloging the three categories into which most illicit uses of cryptocurrency typically fall.

Payments & Settlements

Wirecard Service Halt Disrupts Singapore Merchants – Report

13/10/2020

Singapore merchants were caught off guard when Wirecard services stopped functioning this month. Many have been accepting payments via bank transfer, cash or digital platforms.

Trading & Investment

PBOC Scraps Risk Reserve Requirement on FX Forwards

13/10/2020

The risk reserve ratio previously made it more expensive to bet against the yuan by forcing FIs to set aside extra cash when buying FX forwards for clients.

Payments & Settlements

FSB Publishes Roadmap on Enhancing Cross-Border Payments

13/10/2020

The roadmap seeks to address key challenges faced in cross-border payments including high costs, low speed, limited access and insufficient transparency.

Structural Regulation

Japan Financial Hub Ambitions Centre on Three Cities – Report

13/10/2020

Prime Minister Yoshihide Suga reportedly plans to quickly address issues concerning taxation, residency requirements and language support to attract foreign talent.

Emerging Prudential Risks

APRA to Align Prudential Standards with IAIS ComFrame

13/10/2020

APRA has designated QBE Insurance Group as an internationally active insurance group, which will promote coordination with other international supervisors.