Market Infrastructure

SFC Concludes Consultation on Enhancements to OTC Derivatives Regime

13/12/2018

OTC derivatives participants will be subject to new risk mitigation requirements, as well as conduct requirements for dealings with group affiliates and related parties.

Capital / Liquidity

FRTB Capital Requirements Set for Further Delays – Report

12/12/2018

European legislators have reportedly agreed to initially introduce only the reporting requirements under FRTB and delay the capital requirements.

Enforcement

RBI Fines Indian Bank for Violating Cybersecurity Norms

12/12/2018

The Reserve Bank of India has fined Indian Bank 10 million rupees for deficiencies in regulatory compliance with cybersecurity norms.

Capital / Liquidity

Basel Committee Finalises Pillar 3 Disclosure Requirements

12/12/2018

The updated framework accounts for finalised post-crisis reforms under Basel III and includes new disclosure requirements for asset encumbrance and capital distribution constraints.

Capital / Liquidity

Australia’s Banking Oligopoly Lacks Mortgage Price Transparency – ACCC

11/12/2018

An inquiry by Australia’s competition watchdog found that opaque discretionary mortgage pricing at major banks is stifling competition and disincentivising borrowers from seeking better offers.

Capital / Liquidity

PBOC Consults Internally on Draft Rules for Financial Conglomerates – Report

11/12/2018

New rules for financial holding companies could include requirements on capital adequacy, caps on non-financial assets, and segregation of business units.

Market Infrastructure

SEBI Issues Cybersecurity Framework for Market Infrastructures

11/12/2018

Stock exchanges, clearing corporations and depositories have six months to put in place appropriate systems and processes for implementation of the new guidelines.

Securities / Derivatives

Bursa Malaysia Enhances ETF Framework, Effective in January

10/12/2018

“The introduction of innovative ETF products is a welcome development for our ETF market, and should lead to a more vibrant ETF ecosystem,” said Bursa Malaysia chief Tajuddin.

Enforcement

IT Consultant of Singapore Investment Bank Charged with Insider Trading

10/12/2018

The US SEC has filed charges against an outsourced IT contractor for trading on inside information while working at the Singapore branch of an investment bank.