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Market Infrastructure
BSP, OJK Sign MoU on Financial System Development
By Sanday Chongo Kabange | 07/09/2020
As part of the MoU, the BSP and OJK have reportedly lined up talks in the areas of supervisory frameworks, consumer protection, financial inclusion, fintech and capacity building.
Capital / Liquidity
State Council Approves Rules for Financial Holding Companies
By Manesh Samtani | 07/09/2020
Based on last year’s consultation, non-financial enterprises that control financial sector businesses will need a licence to operate financial holding companies.
Market Infrastructure
China to Expand Stock Connect, Deepen Reforms – Reports
By Editors | 07/09/2020
The scope of investment products foreign investors can trade via Stock Connect will be expanded, among other reforms, said the CSRC’s Fang Xinghai.
Market Infrastructure
DBS Launches SORA Business Property Mortgage Loan Package
By Editors | 06/09/2020
The package is tailored to allow SMEs to finance or refinance their commercial and industrial properties at more competitive rates.
Market Infrastructure
Green Finance Alliance for Greater Bay Area Launches
By Editors | 06/09/2020
The Alliance has been established to increase funding channels for green projects and guide government policies and investment projects.
Market Infrastructure
CBIRC Issues Action Plan to Enhance Governance at Banks, Insurers
By Editors | 06/09/2020
The action plan outlines a series of targeted measures and an implementation timetable to improve corporate governance at banks and insurers.
AML / KYC
BSP Confirms Ongoing Probe into State-run Bank Over Cyber Theft
By Sanday Chongo Kabange | 05/09/2020
Over $3mn was stolen from United Coconut Planters Bank through fraudulent ATM withdrawals and online transfers over a three-day holiday in June.
Market Infrastructure
China Issues Draft Rules Easing Foreign Access to Bond Market
By Editors | 04/09/2020
The rules simplify application procedures for foreign bond investors, unify rules governing various investment channels, and optimise remittance and foreign exchange operations.
Market Infrastructure
UOB Issues First Dual Tranche SORA-SOFR Loan for CapitaLand
By Manesh Samtani | 04/09/2020
UOB and CapitaLand aim to enhance market confidence in adopting SORA and help accelerate the transition away from SOR, in line with MAS objectives.
AML / KYC
SWIFT Details How Cyber Criminals Encash Stolen Funds
By Editors | 03/09/2020
In a new report, SWIFT and BAE Systems reveal how cyber attackers launder money and ‘cash out’ following large-scale heists.
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