Credit Risk

Sri Lanka Makes Credit Ratings Compulsory for Finance Companies

13/04/2018

Licensed finance companies are required to enter into agreement with reputed credit agencies to obtain ratings by 30 April.

Fraud, Scams & Cybercrime

Taiwan Regulator Censures 54 Managers at State Owned Banks

12/04/2018

Taiwan FSC censured and demoted 54 managers at seven state banks for their involvement in a $679mn syndicated loan-fraud scandal.

Clearing & Post-Trade

CPMI-IOSCO Publish Multi CCP Stress Testing Framework

12/04/2018

Framework supports stress tests examining potential macro-level impact of common stress event affecting multiple CCPs to gauge interdependencies between markets, CCPs and other entities.

Anti-Money Laundering

S.Korea Probes Banks’ Cryptocurrency AML Polices

12/04/2018

Financial Services Commission to conduct on-site expectations of three banks with cryptocurrency account relationships.

KYC & CDD

China Tightens ID Card Verification at Banks

12/04/2018

Participating banks are now obliged to report to the police attempts to use ID cards that are fake or belonging to another person.

Data Privacy

Alipay Fined for Customer Rights, Data Protection Failures

12/04/2018

The company did not ensure customers had sufficient product information, failed to comply with rules on customer data, included misleading information in ads.

Resolution & Recovery

Singapore Issues TLAC Consultation

12/04/2018

Monetary Authority aims to bring Singapore in line with Basel III capital treatment of capital holdings from January next year.

Fraud, Scams & Cybercrime

US Resident Pleads Guilty to Singapore Money Laundering

11/04/2018

American convinced victim to make $600,000 investment with promise of 30% return, but instead transferred to Singapore account.

Alternative Markets

SFC Identifies Best Practices for Alternative Liquidity Pools

10/04/2018

ALP operator guidelines should include third-party order routing and information about prioritisation for orders simultaneously posted to exchanges; all ALP users should be qualified investors.