Securities / Derivatives

IOSCO Offers Guidance on Reducing Conflicts in Debt Capital Raising

18/12/2019

The guidance includes proposed regulatory measures to address potential conflicts of interest and associated conduct risks that could arise in the debt capital raising process.

Capital / Liquidity

HKMA Moderates Approach to Implementing Market Risk Framework

18/12/2019

The HKMA says it will finalise Hong Kong’s timeline when there is more clarity on the implementation status in other major jurisdictions.

ASIC Urges More Progress to Improve Insurance in Superannuation

18/12/2019

ASIC has observed improvements by a “significant number of trustees” as a result of the industry’s implementation of the Insurance in Superannuation Voluntary Code of Practice.

Fintech / Regtech

Cryptoasset Risk in Misalignment with Investor Profiles: OECD

18/12/2019

New OECD research has found a strong likelihood of misalignment between the risk profiles of some financial consumers and the riskiness of cryptoassets.

Securities / Derivatives

SEBI Restricts FPI Service Provisioning by Local Asset Managers

18/12/2019

Asset management companies can provide management and advisory services to “appropriately regulated entities” such as pension funds, insurance companies, banks and mutual funds.

Market Infrastructure

Taiwan to Boost Competitiveness as Financial Centre

18/12/2019

Taiwan will relax its rules on financial products, expanding its OBU business, and boost the resilience and innovativeness of Taiwanese financial institutions.

AML / KYC

Japan Identifies 1.9m Undeclared Offshore Accounts Through CRS

17/12/2019

Of the 1.89 million offshore accounts identified through information exchanges under the Common Reporting Standard, 80% were located in Asia and Oceania.

Capital / Liquidity

New Zealand Passes Bill to End Predatory Lending

17/12/2019

Effective from April 2021, the bill will cap the interest and fees on loans at 100% of the loan amount and introduce a 0.8% per day rate cap for high-cost loans.

AML / KYC

Bangladesh Issues Guidelines on Trade-based Money Laundering

17/12/2019

The guidelines require banks to develop written policies and procedures to assess and mitigate money laundering risks arising from their trade-related customers and activities.