Securities / Derivatives

Singapore Fund Managers See Opportunity in ESG Investing: IMAS

08/01/2020

The 5th annual IMAS Investment Managers’ Outlook Survey shows that 2020 could be the biggest year yet for ESG investing for Singapore fund managers.

Market Infrastructure

UPDATED – Known Applicants for Singapore Digital Bank Licences

05/01/2020

Grab, Singtel, Razer, Ant Financial, V3 Group, EZ-Link, iFast Corporation, ByteDance, AMTD, Xiaomi, PhillipCapital, Temasek, Enigma Group and Singapura Finance are among applicants.

AML / KYC

Malaysia Replaces AML/CFT Framework with Two Policy Documents

03/01/2020

The first document is for banks, insurers, money services businesses and payments providers. The second is for NBFIs and DNFBPs, including lawyers, accountants, casinos, real estate agents and trust companies.

AML / KYC

MAS Adopts FATF Standards on VASPs in Payment Services Act

28/12/2019

MAS has proposed amendments will align the Payment Services Act with the most recent enhancements to the FATF Standards in relation to virtual asset service providers.

Market Infrastructure

Malaysia Issues Draft Licensing Framework for Digital Banks

28/12/2019

Foreign financial institutions will be allowed to hold a majority stake, but preference will be given to applications where Malaysian nationals own the controlling equity interest.

Fintech / Regtech

HKMA Publishes Highlights from First AML/CFT RegTech Forum

27/12/2019

Access to quality data and a more proactive knowledge sharing approach are critical to moving to intelligence-led methods in financial crime risk management.

Crypto / Digital Assets

MAS Consults on Application of Payment Services Act to Stablecoins

26/12/2019

MAS seeks views on whether stablecoin holders deserve the same regulatory protections as e-money, and whether other regulations should be introduced to maintain price stability.

Fintech / Regtech

HKMA Publishes Report on AI Adoption by Hong Kong Banks

24/12/2019

The lack of employees with AI expertise was cited by 70% of respondents as the top barrier to AI adoption, according to a survey.

Capital / Liquidity

HKMA Rebuts BOE Claim of Hong Kong Fund Outflows

19/12/2019

The BOE said in its biannual Financial Stability Report that $5bn has left Hong Kong since April, but the HKMA says the figure does not represent outflows from the city’s banking system.