ESG / Sustainability

Vietnam Banks to Include ESG Factors in Credit Risk Analysis

26/11/2019

The State Bank of Vietnam has directed all Vietnamese banks to include ESG risk assessments in credit risk analysis and establish dedicated ESG analysis units by 2025.

AML / KYC

FATF to Develop Guidance on Disrupting Illegal Wildlife Trade

26/11/2019

Under its Chinese presidency, the FATF has made it a priority to help countries target money and criminal networks involved in the illegal wildlife trade.

APRA Proposes Best Interests Duty for Insurance in Superannuation

26/11/2019

Superannuation funds which use related parties to deliver insurance will need to certify that the arrangements are in the best interests of members.

Fintech / Regtech

Thailand to Launches DLT Pilot Trading Corporate Bonds

26/11/2019

The DLT project was first announced in September, and will first test trading with bonds before expanding to equities, derivatives and investment funds.

AML / KYC

UPDATED – Westpac Announces Plan to Address AML/CTF Failings

26/11/2019

Westpac is determined to urgently fix the issues raised by AUSTRAC and lift its standards. ASIC and APRA have begun investigations into the bank.

AML / KYC

Singapore Company Director Jailed for North Korea Trade

25/11/2019

The Singapore man was reportedly selling luxury goods to a North Korean shop, shipping the goods via Dalian, and receiving payment via front companies in China and Hong Kong.

Capital / Liquidity

CBIRC Proposes Higher Conduct Standards for Trust Companies

25/11/2019

The CBIRC has issued draft rules cancelling the $1bn total asset threshold foreign FIs are currently required to meet to hold shares in domestic trust companies, among other revisions.

Capital / Liquidity

BSP Excludes Interbank Borrowings from Reserve Calculations

25/11/2019

“The exclusion of these types of borrowings from the reserve base of banks and quasi-banks will result in freed-up liquidity for lending or investment activities,” the BSP said.

AML / KYC

SSE, SZSE Propose Rules Changes to Implement Investor ID Regime

25/11/2019

Under the regime, brokers must assign a unique digital code that identifies each investor, who will be “deemed to agree” that their information may be transferred to the Hong Kong SFC and SEHK.