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Big Picture
Wolters Kluwer, PwC Complete PoC Using AI in Regulatory Reporting
By Editors | 15/03/2020
After minutes of training, algorithms were able to use 250,000 records of previously unseen raw data to predict regulatory reporting output with degrees of accuracy exceeding 99%.
Securities / Derivatives
SET Tightens Short Selling Rule After Second Trading Halt
By Editors | 14/03/2020
Short selling orders can now only be executed at prices higher than the last traded price, the SET said after its circuit breaker was triggered for the second day in a row.
Securities / Derivatives
Thai Bourse Announces Relief Package, Circuit Breaker Triggers
By Editors | 12/03/2020
The 30-minute trading halt came shortly after the SET announced a Covid-19 relief package, which included 500 million baht in fee reductions for market participants.
Securities / Derivatives
Indonesia Triggers Circuit Breaker, Suspends Pre-Opening Session
By Editors | 12/03/2020
IDX halted trading to end Thursday, just a day after tightening the circuit breaker mechanism. The pre-opening session is suspended until further notice.
AML / KYC
Philippine Lawmakers File Bill Criminalising Cash Smuggling
By Editors | 11/03/2020
In the Philippines’ October 2019 mutual evaluation report, the APG noted low confiscation cases and detection levels in relation to bulk movements of currency across borders.
Capital / Liquidity
BSP to Adopt New Supervisory Assessment Framework From July
By Editors | 11/03/2020
The new SAFr – said to be more forward-looking compared to CAMELS – uses a four-point rating scale, focusing on FIs business models and compliance systems’ ability to mitigate risk.
Securities / Derivatives
Myanmar to Open Stock Market to Foreign Investors from 20 March
By Editors | 09/03/2020
Both resident and non-resident foreign investors, including overseas brokers and banks, will be allowed to open securities accounts with local brokers to trade on the Yangon Stock Exchange.
AML / KYC
Philippine Lawmakers Warned of Urgent Need to Pass AML Reforms
By Editors | 08/03/2020
The AMLC has urged lawmakers to quickly pass legislative amendments to address AML/CTF deficiencies to avoid being grey- or black-listed by the FATF.
AML / KYC
APAC Banks Slow to Integrate Fraud, AML Functions
By Editors | 06/03/2020
A FICO survey finds that only 18% of APAC banks have a strategic plan to converge their fraud and AML compliance functions, despite some 71% believing it will help fight financial crime.
Securities / Derivatives
Thailand Set for Launch of New ‘Super Savings Fund’ Scheme
By Editors | 05/03/2020
The new mutual fund scheme was initiated by the Finance Ministry, offering tax incentives to encourage investors to save and invest.
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