Posts By Editors, Regulation Asia
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381IndiaRBI Task Force Suggests Enhancements to Onshore Rupee Market
The task force recommends implementation of margin requirements for non-centrally cleared OTC derivatives “at the earliest”.
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485AML / KYCAustralia Records Decline in Payment Fraud Rates
AusPayNet’s latest data shows a decline in the overall rate of card fraud for 2018, alongside slower growth in online fraud.
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496Capital RegulationRBI Cuts Consumer Credit Risk Weight, Offers Boost to NBFCs
The RBI will increase bank exposure limits for NBFCs, allow on-lending to priority sectors, and enable near-real-time tracking of payments fraud through the creation of a centralised registry.
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492ChinaCSRC Imposes Six-Month Business Restriction on GF Securities
The CSRC cited risk management and control deficiencies as reasons for the restrictions, after a hedge fund set up by the broker reported losses of $139mn for 2018.
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486InternationalISDA Begins Review of Post-trade Services
ISDA is conducting targeted surveys to identify opportunities for greater automation, reduced operational risk and lower costs in post-trade services.
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694Capital RegulationS. Korea Announces Adjusted Schedule for Initial Margin Rules
Korea has adjusted its domestic implementation schedule for the incoming requirements, taking into account the one-year phased extension announced by BCBS and IOSCO in July.
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487Australia & NZAPRA Fines Westpac A$1.5mn for Late EFS Reporting
Westpac and two of its subsidiaries were late in filing monthly and quarterly reports for APRA’s Economic and Financial Statistics programme.
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516AML / KYCUN Report: North Korea Still Accessing International Financial System
The report says North Korea has amassed $2bn from cyberattacks on banks and crypto exchanges, and that it has about 30 overseas representatives helping it evade sanctions.
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279AML / KYC
Korea’s FIU Seeks Direct Supervision Over Crypto Exchanges
Currently, the Financial Intelligence Unit only indirectly regulates cryptocurrency exchanges in Korea through the administrative guidance it issues for banks.
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393ChinaSHCH Issues Draft Guidance on Clearing Member Default Management
In the event of a default, Shanghai Clearing House can initiate rapid disposal of non-cash collateral, demand the disposal of a clearing member’s other assets, or perform a forced liquidation, among other measures.
