Crypto / Digital Assets

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

06/09/2017

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

06/09/2017

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

04/09/2017

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

Securities / Derivatives

Japanese Banks Call for Narrower OTCD Reporting Requirements

04/09/2017

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

04/09/2017

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.

Singapore, Australia and ‘Fundamental Regulatory Overhaul’

31/08/2017

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

31/08/2017

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

30/08/2017

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

Enforcement

CSRC to Push ‘Central Surveillance System’ for Exchanges

29/08/2017

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