Chinese P2P Lenders to Close in Two Years

02/12/2019

Approved lenders can opt to convert to small finance companies in the two year grace period, as authorities moved to shut down the scandal-ridden sector.

Market Infrastructure

MSCI Calls for Greater Market Reform in China

02/12/2019

The index provider has laid out market access concerns for Chinese authorities to resolve before any more Chinese A shares can be included in its indexes.

Capital / Liquidity

China to Relax Capital Raising Rules for Unlisted Banks

02/12/2019

The requirement for small lenders to sell shares in the OTC markets before issuing preferred shares has been removed to allow them to more easily raise capital.

AML / KYC

OECD Hails Global Anti-Tax Evasion Efforts as ‘Unprecedented Success’

02/12/2019

Last year saw nearly 90 jurisdictions automatically exchange information on 47 million financial accounts, covering total assets of $4.9tn.

Market Infrastructure

Japan Set to Consult on Reorganisation of TSE Boards

02/12/2019

The TSE will consult on the criteria for companies to move to the First Section, and measures to enhance the independence of listed subsidiaries from their parent companies.

Securities / Derivatives

SEBI Lists Permissible Jurisdictions for Depository Receipts Issuance

02/12/2019

Indian companies will be allowed to issue depository receipts on exchanges in the US, Japan, Korea, the UK, France, Germany, Canada, and India’s own international financial centre known as Gift City.

Press Release

Haymarket Enters into Strategic Partnership to Further Develop Regulation Asia

29/11/2019

Through this partnership, both firms can look to strengthen their editorial expertise with the goal of providing their respective audiences with deeper coverage on critical issues.

Capital / Liquidity

BCBS Proposes Revisions to Basel III CVA Risk Framework

29/11/2019

The proposed revisions aim to align the CVA framework with the final market risk framework, and to adjust the scope of portfolios subject to CVA risk capital requirements.

Enforcement

Third Individual Jailed in SGX Derivatives Spoofing Case

29/11/2019

The former proprietary trading firm director furnished a false statement to SGX Derivatives Trading with the intent of deceiving it about trading activities in futures contracts.