Market Infrastructure

Bursa Malaysia Targets T+2 Securities Settlement

02/03/2018

Other market boosting measures include a stamp duty waiver for stocks, as well as new ETF, ASEAN-centric and derivatives product launches.

Crypto / Digital Assets

China Targets Cryptocurrency Facilitators

02/03/2018

Regulators are targeting firms that allow Chinese citizens to trade cryptocurrencies with local bank and online-payment accounts.

AML / KYC

CBA Defends Against Regulators’ Allegations

01/03/2018

The bank says its employees did not adversely impact the BBSW as ASIC claims, denies AUSTRAC allegations of systemic AML noncompliance.

AML / KYC

Malaysia Issues AML/CTF Policy for Cryptocurrency Exchanges

01/03/2018

Cryptocurrency exchanges are required to fully identify all customers and monitor for money laundering and terrorist financing activities.

Fintech / Regtech

Hong Kong’s Fintech Sandbox Risks Alienating Innovators

28/02/2018

HKMA financial technology sandbox needs to evolve to maximise value for all concerned, a new study suggests.

Market Infrastructure

RBI Mandates Integration of SWIFT in Core Banking Software

26/02/2018

Punjab National Bank says $1.8bn fraud went undetected because staff failed to enter SWIFT instructions in core banking software.

Fintech / Regtech

New Zealand Opens Up Robo-Advisory Market

26/02/2018

Applicants will need to demonstrate capability and competency to provide robo-advice while ensuring consumer protection.

Crypto / Digital Assets

S.Korea to ‘Encourage’ Banks to Deal with Crypto Exchanges

22/02/2018

FSS governor says government will support ‘normalised trading’ of cryptocurrencies, requiring interaction of banks and crypto exchanges.

Enforcement

RBI Under Fire for Failure to Detect $1.8bn Loan Fraud

21/02/2018

Central bank audits failed to detect loan fraud using Punjab National Bank guarantees for over seven years; overseas branches which granted loans also under scrutiny.