Tokenising MMF units could facilitate their use as collateral, and reduce redemption pressures on MMFs during market stress.
MAS is reviewing its regulatory framework to ensure it addresses the legal and regulatory implications of tokenised funds.
Issuers seeking to list a Bitcoin- or Ethereum-backed crypto ETN on 28 May 2024 need to submit information to the LSE by 15 April 2024.
Firms should consider deploying additional staff and or making adjustments to work shifts or working hours to cope.
UK Proposes Two New Use Cases for Fund Tokenisation
March 29, 2024SFC Refers Ding Yi Feng Case to Misconduct Tribunal
March 29, 2024RBI Clarifies Norms for Investment in AIFs by Banks, NBFCs
March 29, 2024FATF Re-rates Australia on Six Recommentations
March 29, 2024US, UK Announce New Sanctions Targeting Hamas Financing
March 29, 2024Wolfsberg Group Addresses Role of Internal Audit Function
March 29, 2024US and South Korea Jointly Announce New DPRK Sanctions
March 29, 2024Enhanced SMP Service for Derivatives to Launch in June: HKEX
March 28, 2024MAS to Clarify Regulatory Treatment of Tokenised Funds
March 28, 2024Westpac Unveils “First of its Kind” Anti Scam Service
March 28, 2024Achieving Effectiveness in AML is a Shared Mission: HKMA’s Carmen Chu
Bradley Maclean, Regulation Asia March 25, 2024Charting a New Course for Climate Risk Management
Ranamita Chakraborty, Regulation Asia March 20, 2024Use of AI for AML Could Lower Effectiveness: Report
Bradley Maclean, Regulation Asia March 14, 2024Companies say they would substantially boost their investments in decarbonisation if purchases of carbon credits were recognised and incentived by standard-setters.
World Bank blog post calls for increased coordination between money-laundering prevention and environmental protection agencies.
APAC banking groups are well-prepared due to prevailing conservative regulatory approaches and less extensive use of internal models within the region.
The new proceedings are in addition to separate court action that seeks to restore counterparties affected by alleged manipulation of Ding Yi Feng shares.
The settlement, which is subject to court approval, will also give merchants more negotiating power and enable more competitive pricing.
The arrests, which reportedly include some Indian traders, followed the seizure of millions of euros worth of Russian diamonds last month.
Four KuCoin units and two founders were charged by the CFTC and DOJ for serving US clients without registering and for AML-related violations.
Citic Securities did not "directly reply" to a query from the SZSE on whether an IPO applicant it was sponsoring had overly concentrated shareholdings among a few individuals.
Under 2021 reforms, all directors are required to verify their identities with Australian Business Registry Services and obtain a director ID.
Tokenising MMF units could facilitate their use as collateral, and reduce redemption pressures on MMFs during market stress.
The AI-powered service will ask customers to answer a "series of dynamic questions" if a new payment appears to have high scam risk.
The report outlines measures including the development of a common AI lexicon and a data lake to help FIs train AI models to detect fraud.
Phase 2 of Project Aurora aims to, among other things, deliver real-world proofs-of-concept that could scale to a potential pilot.
GenAI enabled JPX to widen the coverage of the checks, making breakdowns by market segment, company size, and sector possible.
The new service will provide four types of data on a daily basis to enable trading participants to analyse their own transactions.
Prateebha Narayan is an Executive Director and Head of Operations Control and Transaction Reporting for Asia Ex-Japan with Nomura Singapore Limited. She was part of Lehman Brothers prior to 2008 and brings a total experience of about 25 years with the Financial Services industry.
Priya Kundamal is General Manager and Head of DTCC Data Repository, Singapore Pte. Ltd, the Singapore-based subsidiary of DTCC’s Global Trade Repository (GTR) service that provides OTC derivatives trade reporting to ASIC and MAS. In this capacity, Priya works closely with regulators, market participant firms and industry associations across the Asia Pacific region and the globe on the adoption of automated solutions that deliver upon the G20’s OTC Derivative Market Reforms. Priya has more than 20+ years of industry experience and has a strong understanding of the regulatory frameworks behind reporting requirements across jurisdictions, as well as the ever-evolving technology in this space.
Alex Orgaz-Barnier is a Senior Manager in the Market Infrastructure Team at ASIC (Australian Securities & Investments Commission). He leads the unit responsible for overseeing the Australian futures markets and OTC trading and reporting infrastructure, including licensing and supervising Trade Repositories and administering the Australian Derivatives Transaction Reporting Rules.
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking.
Julia is a partner with PwC Singapore’s Digital Regulatory Risk & Compliance practice. She is a risk and transformation specialist advising banks, wealth managers, capital markets intermediaries and non-FIs on digital transformation strategy and execution, risk & regulations, controls and governance.
With over 20 years of experience, she has led core banking, compliance, operational risk, finance transformation programmes, corporate governance, ERM and internal audit reviews. Clients value her partnership to connect the dots and co-create pragmatic, best-fit solutions for them.
Prior to her current role, she has assumed various leadership roles at firm-level as private banking industry lead, banking governance, risk and compliance and digital transformation services leader.
Outside of client work, Julia is active in giving back with board directorship and mentoring. She currently serves on the Board of Trustees for ISEAS (Institute of Southeast Asian Studies), the board of Building Construction Authority and committee of the Governance and Audit Committee of Singapore Heart Foundation. She is a mentor with Young Women Leadership Connection and Mentorshub.
Ashish is a banking professional with 23 years of techno-functional experience in Transformation, Digitization, Strategy, Data, Analytics, Business Process Re-engineering, Change and Risk Management across Wealth Management, Private Banking and Consumer Banking.
Bradley is Co-Founder at Regulation Asia, the leading regulatory news intelligence service for the financial sector in APAC. Bradley advises governmental and start-up projects, including several regulated digital assets, climate markets and payments entities.
Previously Bradley oversaw Strategy with SunGard Financial Systems (now FIS), heading up strategic, business planning and product development across Asia, Africa, Latin America and the Middle East. Prior to this, he was a management consultant focused on private equity and alternative assets. He has also been involved in several high-profile research programmes, including assisting the US Treasury Department in accessing the Troubled Asset Relief Program (TARP) instituted following the 2008 global financial crisis.
Bradley is a senior Financial Regulation and Risk Management research fellow with The Guangzhou-Nottingham Advanced Institute of Finance and the Guangzhou University of Finance’s Institute of Financial Employment.
Focused on the broader economic impact of financial regulation, he holds Master’s degrees in Finance, Quantitative Research and Law from New York University’s Stern School of Business, the Hong Kong University of Science and Technology, and the University of Melbourne. He is currently a doctoral candidate at the Swiss Business School in Zurich.
Parsa Khoshdel is an accomplished management consulting professional with more than 11 years of experience in private banking and financial services consulting.
He has extensive experience in driving large scale regulatory business transformation programs in collaboration with leading global financial institutions.
Parsa holds a Masters degree in Financial Engineering from National University of Singapore and is currently leading the PBWM Regulatory Compliance and Risk Management division for Synpulse in APAC.
Jane is a highly motivated and accomplished professional with over a decade of experience in the financial services sector. Beginning her career as a practicing lawyer in Malaysia, she later transitioned to the financial services industry where she assumed responsibility for overseeing regulatory compliance and risk management.
Prior to her current role at Charles Monat Associates, Jane served as the Head of Compliance at both AAM Advisory and St. James’s Place Singapore, where she established robust policies and standards that were successfully integrated throughout the organisations.
Throughout her career, Jane has worked closely with advisors and business stakeholders to ensure that clients can easily conduct business with the firm while maintaining compliance with all regulatory requirements.
Osvaldo is a Suitability & Wealth Management SME for NICE Actimize. Prior to joining NICE, he was a Financial Consultant with Fidelity Investments, where he helped retail and HNWI clients define their financial goals and provided them with financial planning concepts and solutions to meet those goals.
Before Fidelity, Osvaldo served around ten years at TIAA, working on the institutional side of the business for four years and the Wealth Management space for around six years. During his tenure at TIAA, he was a part of projects and pilots catering specifically to DOL and Suitability changes, including regulatory requirements and user interface.
Before joining TIAA, he was a Financial Advisor with Wells Fargo Advisors for two years, responsible for the Wealth Management offering out of 5 offices. Osvaldo began his career as a Financial Advisor at Bank of America / Merrill Lynch for around seven years, where he was responsible for running a Wealth Management practice across six offices.
Osvaldo has a bachelor’s degree in Finance from New Jersey City University. He also holds a Series 7, 63, 65, and Life & Health Producers licenses from the state of New Jersey.
Mr Ken Nagatsuka is the Executive Director and Head of Payments Department at the Monetary Authority of Singapore (MAS). The department is responsible for the authorisation, ongoing supervision and policy-making in relation to payment systems and payment service providers, such as e-money issuers, remittance providers and digital payment token (more commonly known as cryptocurrency) service providers under the Payments Services Act.
Prior to this, Mr Nagatsuka has worked in the field of capital markets regulation for over 15 years, and was previously Head of the Capital Markets Policy Division responsible for policy formulation and reviewing legislation in relation to capital markets and market infrastructures. In his role, he represented MAS on various international committees under the FSB, CPMI and IOSCO, on subjects such as OTC derivatives reforms and financial market infrastructures. Prior to that, he also served in various roles in exchange and clearing house supervisory functions.
Mr Nagatsuka holds both a Bachelor of Business Management and Bachelor of Science in Economics from the Singapore Management University.
Ari Redbord is Head of Legal and Government Affairs at TRM Labs, a blockchain analytics company. Prior to joining TRM Labs, he served as a Senior Advisor to the Deputy Secretary and the Under Secretary for Terrorism and Financial Intelligence at the United States Department of Treasury. In this capacity, he worked with teams from the Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC), and other Treasury and interagency components on issues related to sanctions, the Bank Secrecy Act, cryptocurrency, and anti-money laundering strategies.
Previously, Mr. Redbord served as a Senior Assistant United States Attorney for the District of Columbia, where he investigated and prosecuted cases related to cryptocurrency, terrorist financing, sanctions evasion, export control, child exploitation and human trafficking. He has received numerous awards from FinCEN, the FBI, and the United States Attorney’s Office, including the Attorney General’s Award for leading an interagency task force dedicated to prosecuting those who abuse and exploit children.