Garima Chitkara, Regulation Asia

Posts By Garima Chitkara, Regulation Asia

• India

  RBI Issues Final Tri-party Repo Guidelines

  The Reserve Bank of India has allowed the use of tri-party repos by commercial banks, recognised stock exchanges and clearing corporations and other approved entities.

• Securities & Trading

  Taiwan Allows Robo-advisory for Mutual Funds

  Investment advisors can use robo-advisory technology to execute transactions and rebalance portfolios for clients as long as preset investment scale and return standards are maintained.

• Japan

  Japanese Brokerages Testing AI Systems to Detect Market Manipulation

  SBI and Rakuten expect artificial intelligence software to be operational for detecting market manipulation within this year.

• AML / KYC

  Pakistan’s Central Bank Releases Compliance Risk Management Guidelines

  State Bank of Pakistan guidelines to promote a “compliance culture” in banks and encourage the adoption of a risk-focused approach to compliance.

• Asia-Pacific

  Thai Bank Governor Calls for Greater Financial Connectivity Across Region

  Central bank governor made comments during the opening ceremony of the Asian Financial Cooperation Association.

• Australia & NZ

  NZ to Embark on Bank Regulation Review Following IMF Assessment

  IMF views the central bank less fully compliant with the Basel Core Principles and recommended a more prescriptive rule-making approach to regulation.

• Malaysia

  Malaysia Comes Out Against MYR Trading on SGX and ICE

  Recent introduction of MYR futures in offshore exchanges a contravention to its foreign exchange management policy and rules.

• AML / KYC

  HKMA Collecting UnionPay ATM Withdrawal Data

  Regulator has asked for number of withdrawals and amounts to regulate the use of UnionPay cards in Hong Kong.

• Australia & NZ

  APRA CPS 226 to Include Framework for Substituted Compliance

  Update allows for determining the status of a foreign counterparty and use its status under the margin requirements of the relevant foreign jurisdiction.

• Capital Regulation

  China to Include Internet Finance Firms in Risk Assessment

  PBOC is considering ways to include large internet finance firms in its Macro Prudential Assessment.