Editors, Regulation Asia

Posts By Editors, Regulation Asia

• China

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

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

• China

  Singapore and China Regulators to Increase Mutual Market Supervision

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

• Capital Regulation

  India to Require Biggest Corporate Borrowers to Use LEIs

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

• China

  IOSCO Affirms China, Japan have Completed Framework for MMF Reform

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

• Capital Regulation

  China to Clampdown on Money Laundering via Property Market

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

• Capital Regulation

  Hong Kong Sets out Internal Audit Requirements for Authorised Institutions

  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

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

• Capital Regulation

  HK SFC Launches Thematic Review of Prime Brokerage, Equity Derivatives

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

• Capital Regulation

  PBOC Targets ‘Shadow Financing’ by Tech Firms

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

• Asia-Pacific

  Indonesia, Vietnam Join Virtual Currency Clampdown

  Indonesian central bank says ‘financial innovation’ requires pre-approval; State Bank of Vietnam to pass law outlawing virtual currencies next year.