New regulations will require firms involved in securities and futures markets to set up separate AML/CTF units, boost FSC inspection powers.
SFC says some ICOs are either share, debenture or collective investment schemes; some traders in secondary market could be regulated entities.
CBRC chief adviser and former SFC chief Dr Andrew Sheng says regulation risks pro-cyclicality when real economy requires structural change.
Taskforce says regulators will need to start upskilling staff; adopt artificial intelligence, machine learning and other tech to ensure effective supervision.
Japanese Bankers Association says data elements should be narrower; concerned about cost of reporting given different collateral settlement timings.
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.
Requirements on balance sheet reporting a stiff challenge for banks despite regulators' nods to technology’s potential, says Axiom SL.
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.
Misconduct cases up 66%; regulator cites blockchain and cloud computing as hindrance to monitoring efforts, eyes regtech solutions.
Chairman Liu Shiyu cites ‘huge room for improvement’ in exchanges' front-line supervision, citing failures exposed by 2015 stock market turmoil.