Chinese regulators have been enforcing regulations more strictly to curb financial risk, causing bank NPL ratios to rise to 1.9% at end-May, up from from 1.75% at end-March.
The six month transition period put in place in December 2017 to allow firms to obtain LEIs to comply with MIFID will end on 2 July 2018, as ESMA rules out any extensions in a new statement.
MAS board member Ong Ye Kung pledges to eliminate cheque usage by 2025, while also reducing the need for ATM cash withdrawals, through increased adoption of e-payments.
New report guides digital asset exchanges towards international nest practices for listing processes, market manipulation, pricing and liquidity, AML/KYC and cybersecurity, among other areas.
GDF Consults on Global Code of Conduct for Crypto BusinessesJune 22, 2018
India Tightens Outward Remittance Norms To Check Fund FlowsJune 21, 2018
Japan Scrutinises Crypto Exchanges, Industry Body to Release New RulesJune 21, 2018
Chinese Bank NPLs Rise Due To Stricter Loan ClassificationJune 21, 2018
Australian Court Ratifies A$700mn AUSTRAC-CBA SettlementJune 21, 2018
LEI Transition Period For MiFID II To End In July – ESMAJune 21, 2018
ASIC Releases Oversight Guidance For New Financial Complaints BodyJune 21, 2018
Crypto ‘Poor Substitute’ for Conventional Money – BISJune 21, 2018
Singapore Accelerates Shift to Digital EconomyJune 21, 2018
ASIFMA Publishes Best Practices Guide for Crypto ExchangesJune 21, 2018