Posts By Editors, Regulation Asia
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AML / KYC
MAS MD Sets out Fintech Regulation Agenda
Ravi Menon sets out raft of initiatives including new Payment Services Bill, technology risk management guidelines, machine readable forms.
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China
China to Allow More Foreign Investment in Banks, Majority Stakes in Brokerages
Move follows introduction earlier this year of licensing system for foreign asset managers to set up private funds in China.
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Australia & NZ
Australian Banks’ Rate Rigging Settlement Confirmed
ANZ and NAB will pay a total of $76mn for attempting to manipulate Bank Bill Swap Rate; Westpac Banking still fighting claims.
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China
China Internet Finance Association Warns on Illegal Leveraged Trading
Trade body says no online forex, precious metal, futures or index-based leveraged trading has yet been approved by national regulators.
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Fintech / Regtech
Singapore, Malaysia Take More Open Stances on Cryptocurrency
MAS executive director says ICOs could be an example for securities markets; Malaysia to consider secondary market for digital assets.
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Australia & NZ
Australia to Loosen Fundraising Rules for Mutuals in Bid to Boost Competition
Credit unions, building societies will be able to raise funds without having to forego their status as customer-owned entities.
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Asia-Pacific
China Playing Catch-up on Hedge Fund Data Sharing – IOSCO
Although China has set up supervisory mechanisms, it has not yet established an information sharing mechanism to help establish global systemic risk.
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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.
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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.
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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.
