Samuel Riding, Regulation Asia

Posts By Samuel Riding, Regulation Asia

• AML / KYC

  Taiwan Tightens Securities, Futures Firms’ Internal Control Requirements

  New regulations will require firms involved in securities and futures markets to set up separate  AML/CTF units, boost FSC inspection powers.

• Enforcement

  Hong Kong Joins Singapore, US in Labelling Some ICOs as Securities

  SFC says some ICOs are either share, debenture or collective investment schemes; some traders in secondary market could be regulated entities.

• AML / KYC

  Top CBRC Adviser Flags Failures to Address Operational Risks

  CBRC chief adviser and former SFC chief Dr Andrew Sheng says regulation risks pro-cyclicality when real economy requires structural change.

• Enforcement

  BCBS Says Supervisors Should Boost Fintech Training, Regtech Use

  Taskforce says regulators will need to start upskilling staff; adopt artificial intelligence, machine learning and other tech to ensure effective supervision.

• International

  Japanese Banks Call for Narrower OTCD Reporting Requirements

  Japanese Bankers Association says data elements should be narrower; concerned about cost of reporting given different collateral settlement timings.

• Enforcement

  S.Korea to Curb Bank Chief Bonuses

  Only 60% of bonuses to be paid up front, remaining 40% to be paid out over three years but can be cut or clawed back if investments lose money.

• 

  1.3K

  Australia & NZ

  Singapore, Australia and ‘Fundamental Regulatory Overhaul’

  Requirements on balance sheet reporting a stiff challenge for banks despite regulators' nods to technology’s potential, says Axiom SL.

• AML / KYC

  China Joins Stampede to Regulate ICOs

  Regulators to introduce rules on ICOs/ITOs which raised nearly $400mn in 1st half of 2017; follows moves by the US and Singapore in July.

• Fintech / Regtech

  Japan SESC Reveals Rise in Market Misconduct

  Misconduct cases up 66%; regulator cites blockchain and cloud computing as hindrance to monitoring efforts, eyes regtech solutions.

• China

  CSRC to Push ‘Central Surveillance System’ for Exchanges

  Chairman Liu Shiyu cites ‘huge room for improvement’ in exchanges' front-line supervision, citing failures exposed by 2015 stock market turmoil.