Capital / Liquidity

APRA, RBNZ Approaches to Bank Capital Incompatible

10/09/2019

Citi banking analyst Brendan Sproules says APRA and the RBNZ “are pursuing radically contrasting approaches to bank sector capital adequacy”.

Fintech / Regtech

Malaysia Association Joins APAC RegTech Network

10/09/2019

The APAC RegTech Network was established by the regtech committees of the fintech associations of Hong Kong, Japan and Singapore in May.

Fintech / Regtech

Half of IT Budgets to Go to Cloud Services in 2020: Refinitiv

10/09/2019

Financial firms say public cloud projects are delivering better-than-expected cost reductions and enabling innovation, but data privacy and regulatory concerns are slowing adoption.

AML / KYC

Singapore: New Platform Targets AML Risks in Trade Finance

09/09/2019

The new electronic platform enables banks to obtain and reference data derived from trade permits issued by Singapore Customs to augment their trade finance compliance checks.

AML / KYC

SFC Asks Licensed Firms to Bolster AML/CTF Compliance

09/09/2019

Following the release of the FATF mutual evaluation report for Hong Kong, the SFC has highlighted key work areas for licensed firms and their associated entities.

Fintech / Regtech

Singapore Streamlines Payment Firms’ Access to Legal Services

09/09/2019

The initiative will help connect the payments industry with specialist law firms through a streamlined process to help them comply with the new Payment Services Act.

Capital / Liquidity

PBOC Announces Third RRR Cut of 2019

09/09/2019

The cut is expected to free up 900 billion yuan in banking system liquidity for use in small and private enterprise lending.

RBI Mandates External Benchmarking for Loans from October

09/09/2019

Banks must link interest rates for retail and micro and small enterprise loans to the RBI’s benchmark repo rate, the 3- or 6-month treasury yield, or any other FIBIL benchmark.

Securities / Derivatives

SAFE Approves Three Brokers for Interbank FX Trading

09/09/2019

Citic Securities, Huatai Securities and China Merchants Securities are allowed to conduct interbank forex business both on a proprietary basis and on behalf of clients.