Posts By Editors, Regulation Asia
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259ChinaChina Eases Foreign Access to Interbank FX Derivatives for Hedging
Under draft measures from SAFE, foreign institutional investors may participate in interbank FX derivatives to manage foreign exchange risk arising from interbank bond investments.
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277AML / KYCNAB Faces Potentially Significant AML Penalties
NAB’s annual report says the bank has reported "a number of" AML/CTF compliance breaches to regulators, the potential outcome and costs of which remain uncertain.
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88ChinaCSRC Revokes Licences of CEFC China Securities Unit
CEFC Shanghai Securities Co used its own and client funds to provide financing to its parent and other affiliated companies for purchasing and leasing properties.
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310EnforcementSFC Bans Former Deutsche Securities RO for Life
For ban follows a February 2018 conviction, where the former responsible officer was sentenced to 45 months’ imprisonment and ordered to pay HK$6.4mn to Deutsche Bank AG in restitution.
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473EnforcementUBS Fined in Singapore for Pricing Deception by Advisers
The MAS penalty follows similar action taken against UBS by the Hong Kong SFC to penalise the bank and demand compensation for clients that were overcharged over a ten-year period.
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290Capital RegulationFSB Prioritises CCP Resilience, Resolvability in Policy Work
The FSB says it plans to consult on new guidance on evaluating the adequacy of a CCP’s resolution resources, and challenges still remain on aspects of G-SIB resolvability.
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231Capital Regulation
BCBS Consults on Pillar 3 Disclosure for Market Risk, Sovereign Exposures
The first consultation sets out adjustments to Pillar 3 templates to reflect the revised market risk framework; the second consults on voluntary disclosure templates for banks' sovereign exposures.
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262InternationalNew Supervisory Framework for Internationally Active Insurers
The global framework comprises an enhanced set of supervisory policy measures and powers of intervention, along with an annual IAIS global monitoring exercise.
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413Fintech / RegtechHSBC, SGX, Temasek Jointly Explore DLT for Singapore Bond Markets
The trial will make use of tokenised securities and smart contracts over a permissioned ledger to streamline bond issuance and servicing workflows.
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476AML / KYCMAS to ‘Take Another Crack’ at KYC Utility Project
The KYC Utility project was shelved last year after the setup costs were deemed to be too high. This time, the MAS will look at “less costly” technology architecture.
