Liquidity Risk

FSS Korea Finds Mismanaged Liquidity at More Private Equity Funds

04/02/2020

The FSS has identified at least four firms whose funds face potential liquidity crisis risks, similar to Lime Asset Management, which has so far frozen 1.7tr won in assets.

Payments & Settlements

Philippines, Indonesia Sign MOU on Payments, Digital Innovation

04/02/2020

The MOU aims to provide a framework for closer cooperation between the Philippine and Indonesian central banks to achieve enhance their payment systems and promote digital financial innovation.

Trading & Investment

SEBI Sets Position Limits for Gift City Rupee Derivatives

04/02/2020

Brokers, institutional investors and eligible foreign investors can hold gross open positions in rupee futures and options contracts up to $1bn or 15% of total open interest, whichever is higher.

Anti-Money Laundering

US Law Firms Launch New Class Actions Against Westpac

04/02/2020

The class actions seek damages for investors who lost money on Westpac ADRs following the civil penalty orders filed against the bank by AUSTRAC last November.

Tokenisation

MAS Sandbox Graduate ‘iSTOX’ Approved for Full Launch

04/02/2020

The iSTOX platform connects buyers and sellers of digitised securities denominated in fiat currencies, catering to institutional and accredited investors in Singapore.

Anti-Money Laundering

OCBC Speeds Up Criminal Probes Through Automated System ‘POET’

03/02/2020

‘POET’ digitally receives and responds to investigation requests with minimal human intervention, allowing OCBC to respond to law enforcement requests within 1-2 working days.

Structural Regulation

New Zealand Consults on Options to Increase FMA Funding

03/02/2020

Under the base case, the FMA needs an additional NZ$20mn in annual funding to respond to cost pressures brought on, in part, by the new financial advice regime.

CBDCs

Cambodia to Launch CBDC-based Payment System

03/02/2020

The new payment system expected to launch in the coming months has the support of 11 banks so far, and will operate using a quasi-CBDC known as ‘Bakong’.

Operational Risk

BSP Proposes New Reporting Requirements for Conglomerate-run Banks

03/02/2020

Under draft rules, universal and commercial banks that are part of conglomerates will have to report information on all entities and assets in the conglomerate structure.