AML / KYC

APRA, AUSTRAC to Engage Regtechs on Solution Development

08/03/2019

APRA and AUSTRAC plan to directly engage and share information with regtech firms to aid in their development of solutions that can help regulated entities comply with reporting obligations.

Big Picture

S. Korea FSC Unveils 2019 Financial Policy Roadmap

08/03/2019

Highlights will include measures to accelerate financial innovation, approve online-only banks, launch a regulatory sandbox, and strengthen consumer and investor protection.

Market Infrastructure

Japan FSA Official Lays Out G20 Financial Sector Agenda

07/03/2019

Under Japan’s Presidency this year, the G20 financial sector agenda will centre on addressing market fragmentation, technological innovation and the problems of aging societies.

Capital / Liquidity

S. Korea FSC Wants More Supervision over Financial Conglomerates

07/03/2019

South Korea’s FSC is pushing to expand its oversight of conglomerates to include those that own other types of financial businesses besides banks.

Capital / Liquidity

India to Raise Capital Rules for Housing Finance Companies

07/03/2019

India’s mortgage regulator is proposing to increase capital adequacy requirements for housing finance companies from 12% to 15% by March 2022.

Market Infrastructure

Japan Mulls Measures to Enable Consolidation of Ailing Banks

07/03/2019

Japan’s government plans to introduce legislation that will provide exemptions from its anti-monopoly law to allow regional banks to consolidate more easily.

Fintech / Regtech

MAS Centralises Technology Functions to Drive Digital Transformation

07/03/2019

The MAS’ new Technology Group will centralise its technology capabilities and strengthen supervision of technology risks in the financial sector.

PBOC to Unify Financial Consumer Protection Under Single Agency

07/03/2019

Under the current mechanism, financial consumer rights protection is handling by various regulatory bodies, which lack coordination and where standards are not uniform.

Capital / Liquidity

Bangladesh to Make Sweeping Banking Sector Reforms

07/03/2019

Bangladesh Bank is spearheading a wide-ranging policy review to tackle soaring NPLs and willful defaulters in the nation’s banking sector.