Australia’s second-largest bank lost its CEO earlier today after a cross-border transaction service was alleged to have broken anti-money laundering rules.
Where does Libor live in a bank? Why are banks in Asia not looking at Libor transition seriously? Which bank is racing ahead? It’s been an interesting couple of weeks for Libor transition watchers.
If “data is the new oil” then is it flowing freely across digital pipelines? Will data subjects benefit? Will artificial intelligence be used ethically? Deutsche Bank looks at the need for effective cross-border data ...
Beneficial ownership, it seems, is in the eye of the beholder. With jurisdictions making their own rules, they're set to become as complex as sanctions, a banker argues
A senior DBS banker says the Singapore bank has embraced a client-focused digital ecosystem approach. Meanwhile, there appears to be trouble in paradise at a blockchain developer.
Regulators appear set to crank up AML/CTF and sanctions-related work and now have their eye on individuals too. But with the rise of China, regulators will have their work cut out for them.
Singapore may have scrapped the idea of a centralised database to facilitate KYC checks for now but an advisory body in Hong Kong says the government might not even need one.
Japan grants cryptocurrency body regulatory powers; blockchain firms in China need to register identities; Trading begins at Shenzhen-based HKEx owned commodities exchange.
European banks are still mired in problems of how to offer competitive notional pools to clients. New regulation is set to change this, but not until 2020.