Operational Risk

OCBC Suffers Near Four-hour Bank Service Outage

28/08/2023

OCBC’s internet and mobile banking platforms were disrupted from around 8.30am until around 12.20pm on Monday.

KYC & CDD

SEBI Tightens Disclosure Norms for FPIs with Concentrated Investments

28/08/2023

FPIs will have to disclose all their owners if they hold over 50% of their India AUM in a single corporate group.

Alternative Markets

DSE Seeks Rule Relaxations to Boost Alternative Trading Board

28/08/2023

The ATB was launched this January but has failed to attract investors and still has only two securities listed.

Payments & Settlements

BRICS Nations Invite Six Nations to Join as Members

27/08/2023

BRICS officials will develop measures to reduce their reliance on the USD in trade, in favour of using local currencies.

KYC & CDD

SEBI to Allow NRIs, OCIs to Invest More in GIFT City via FPIs

27/08/2023

SEBI proposes to allow IFSCA regulated FPIs to accept higher levels of investment from Indian citizens residing overseas.

Credit Risk

China Eases Mortgage Rules to Boost Property Market

27/08/2023

The new measures will allow more individuals to be treated as first-time homebuyers, which means better mortgage rates and lower down payments.

PEPs & Sanctions

New Zealand Joins US, UK in Sanctions over Treatment of Ukrainian Children

27/08/2023

The New Zealand and US sanctions coincided with Ukrainian Independence Day on 24 August.

Anti-Money Laundering

HK Police Arrest 11 in HK$124m Money Laundering Case

27/08/2023

Police believe the laundered funds could be tied to more than 20 fraud cases, including email and loan scams, and commercial and investment fraud.

Trading & Investment

Vietnam to Launch New Securities Trading System in December

26/08/2023

The new system has already been delayed several years due to the Covid-19 pandemic and other factors. Securities firms are still behind schedule on testing.