Trading & Investment

SC Malaysia to Allow Financial Planners to Advise on Stocks, Bonds

11/10/2020

The new policy will encourage informed participation in stocks and bonds, while also protecting investors against bad investment choices.

CBDCs

BIS Report Outlines Common Foundation for Retail CBDCs

11/10/2020

Any decision to launch a CBDC would depend on an informed judgment that the risks can be managed, including the risk of disintermediating banks or enabling ‘digital runs’.

Conduct, Culture & Accountability

Australia Federal Budget Delivers Super Fund Accountability

09/10/2020

Super funds will be forced to enhance disclosures on fees and performance. Consistently underperforming super funds will be prohibited from receiving new members.

KYC & CDD

Hong Leong Bank Launches Digital Account Opening

08/10/2020

Hong Leong has become the first Malaysia bank to launch “fully digital” account opening, just three months after BNM’s new e-KYC guidelines took effect.

Fraud, Scams & Cybercrime

UOB Credited for Helping Recover Stolen Funds

08/10/2020

Collaboration with UOB attests to the importance of a strong partnership with community stakeholders to effectively combat scams and transnational fraud, the Police said.

Cloud & Infrastructure

RegTech Asia 2020: Addressing Complex Regulatory Change

08/10/2020

SmartStream’s Vincent Kilcoyne discusses the use of technology and automation to address regulatory change, highlighting the need for high quality data.

AI Risk & Governance

UIDAI, NPCI Testing Face Authentication with Banks

08/10/2020

NPCI has commenced phase one tests of using facial authentication in non-financial transactions with ICICI Bank, Yes Bank, RBL Bank and Fino Payments Bank.

Capital Adequacy

Japan: Bank Stress Tests to Use Covid-19 as Baseline Scenario

08/10/2020

The BOJ and FSA jointly stress-tested banks using a common scenario for the first time in December. This year’s stress tests will use the Covid-19 pandemic as the common scenario.

Clearing & Post-Trade

China’s DCE, ZCE Assessed as Post-trade Transparency Positive

08/10/2020

The positive assessments relieve EU investment firms from the obligation to make DCE and ZCE transactions post-trade transparent via an APA.