Samuel Riding, Regulation Asia

Posts By Samuel Riding, Regulation Asia

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  785

  ESMA to Bring 3rd-country CRAs, Trade Repositories Under EU Supervision

  Samuel Riding, Regulation Asia December 4, 2017

  ESMA executive director Verena Ross says more than 200 non-EU trading venues have asked for exemptions from MiFID II post-trade transparency, position limits.

• Hong Kong

  HK Court Confirms SFC Authority in Insider Trading Conducted Overseas

  Court also rules a person’s lack of awareness they are trading on inside information doesn't mean they don't have to pay back illicit gains.

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  OTC Derivative Margin Requirements – Still Work to be Done

  Samuel Riding, Regulation Asia November 9, 2017

  Mark Jennis of Global Collateral suggests it will take a further two years for Asia Pacific firms to get all their ducks in a row.

• AML / KYC

  FSB Reports on ‘Rise of the Financial Machines’, Backs Regtech

  Report suggests AI and machine learning could create new systemically important players, warns on opacity, audit difficulty.

• Capital Regulation

  Korea Introduces ‘Sarbanes Oxley’ in Response to Accounting Scandals

  Move is part of President Moon Jae-in’s Chaebol clean-up campaign, follows proposal to make agencies liable for ‘defective ratings’.

• Capital Regulation

  Singapore Proposes Liquidity Risk Management Rules for Fund Managers

  MMFs will face more enforceable requirements than other portfolios, including rules on average maturity, 1-day/5-day redemption.

• AML / KYC

  India to Allow Currency Hedging by Non-resident Companies

  RBI (the Reserve Bank of India) will allow central treasuries used by non-resident companies to hedge their rupee currency risk from trade transactions.

• Enforcement

  HK SFC Investigating 15 IPO Sponsors for ‘Substandard’ Work

  Head of enforcement says the IPO sponsors may have failed to verify data, opening the door to fraud by the listing companies.

• AML / KYC

  Australian Banks Want Fintechs to Pay for ‘Open Banking’

  Biggest lenders continue to frustrate efforts by authorities to increase competition and throw open door to banking disruptors.

• China

  Top CSRC Official Calls on Derivatives Industry to Develop OTC Options

  Vice chair Fang Xinghai says stock index futures market has been ‘substantially restored’ since outright ban in September 2015.