Market Infrastructure

China to Make New Moves to Increase Foreign Participation in Financial Markets

09/11/2017

Wu Qing, chairman of Shanghai Stock Exchange, calls for greater liberalisation; PBOC official  says to consider lowering access thresholds.

Market Infrastructure

Singapore and China Regulators to Increase Mutual Market Supervision

06/11/2017

Regulators will develop framework for supervising fund managers, share information and staff amid increasing capital market ties.

Capital / Liquidity

India to Require Biggest Corporate Borrowers to Use LEIs

06/11/2017

Corporate borrowers which do not satisfy LEI requirement will not be allowed any more credit amid continued efforts to clean up bad debt.

Securities / Derivatives

IOSCO Affirms China, Japan have Completed Framework for MMF Reform

06/11/2017

China has implemented rules governing money market fund valuations, liquidity and stable net asset value since last report.

Capital / Liquidity

China to Clampdown on Money Laundering via Property Market

06/11/2017

**Developers to conduct due diligence checks on sources of funding, buyers must use their own accounts to make property purchases in AML drive.
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Capital / Liquidity

Hong Kong Sets out Internal Audit Requirements for Authorised Institutions

02/11/2017

HKMA says audit functions must be separate from risk and compliance; will only allow outsourcing ‘under very limited circumstances’.

Enforcement

1MDB Saga Rumbles on in Singapore with Bans for Ex-Maybank, NRA Capital Staff

02/11/2017

Individuals banned for six years after conviction for 1MDB-related bribe; former representative of BSI Bank faces lifetime ban.

Capital / Liquidity

HK SFC Launches Thematic Review of Prime Brokerage, Equity Derivatives

01/11/2017

Regulator says prime brokerage a growing revenue stream for institutions as Hong Kong’s asset management, hedge fund sectors expand.

Capital / Liquidity

PBOC Targets ‘Shadow Financing’ by Tech Firms

01/11/2017

Central bank says many firms representing as technology providers are in fact providing finance for clients who can’t access conventional resources.