Enforcement

SFC Gains Access to Mainland Audit Papers for Investigations

04/07/2019

The MOF and CSRC agree to provide the “fullest assistance” in response to SFC requests for investigative assistance regarding the provision of audit working papers.

Market Infrastructure

BOJ Publishes Consultation on JPY Interest Rate Benchmarks

03/07/2019

The consultation paper presents and evaluates five options that can be used as alternative benchmarks upon transition and as fallback replacement benchmarks.

Capital / Liquidity

“Most Banks” Support RBNZ Bank Capital Proposal

03/07/2019

The submissions from the RBNZ consultation on raising bank capital requirements show the proposals have broad public support, including from “most banks”.

Market Infrastructure

Australian Payments Council Releases New Strategic Agenda

03/07/2019

The strategic agenda sets out five areas that will guide the APC’s work to ensure the payments system remains resilient, efficient, accessible, and adaptable.

Securities / Derivatives

MAS Proposes to Relax Requirements for Singapore REITs

03/07/2019

The consultation paper proposes to allow REITs to take on more leverage if they can demonstrate an ability to service their debt with regular income.

Market Infrastructure

China to Remove Foreign Ownership Limits a Year Early

03/07/2019

Premier Li Keqiang said at the World Economic Forum in Dalian that foreign ownership limits in the financial sector will end in 2020, ahead of schedule.

Market Infrastructure

NZX Completes Migration to Single Board, New Listing Rules

02/07/2019

NZX’s updated rule set took effect in January, but participants were allowed a six month transition period for adoption before the move to a single board.

Capital / Liquidity

RBI Relaxes Leverage Ratio to Boost Lending

02/07/2019

The RBI has reduced the leverage ratio from 4.5% at present to 4% for D-SIBs (domestic systemically important banks) and 3.5% for other banks.

Australia: New Law Safeguards Super Accounts from Excessive Fees

02/07/2019

Australia’s government says the new legislation will protect super savings from from being eroded by excessive and unnecessary fees and insurance costs.