Securities / Derivatives

SEBI Issues New Operations Guidelines for Foreign Investors

11/11/2019

Under the new guidelines, banks from non-BIS countries are eligible for FPI licences, and foreign firms can directly invest in India on behalf of their clients.

Capital / Liquidity

China Rules on NSFR, Large Exposures Assessed as Basel-Compliant

11/11/2019

The RCAP assessments found that the NSFR and large exposure regulations in China are compliant with the BCBS global standards, the highest possible grade.

Fintech / Regtech

Ageing Infrastructure Creating Derivatives Market Inefficiencies: ISDA Chief

10/11/2019

Firms still take more than a day on average to resolve reconciliations and disputes caused by a lack of data transparency through the trade lifecycle.

Market Infrastructure

Malaysia Mandates Fair Treatment of Financial Consumers

10/11/2019

A new BNM policy document sets out expectations for financial firms to prioritise the interests of financial consumers and effectively manage conduct risks.

AML / KYC

BCBS Updates AML/CFT Guidance for Correspondent Banking

10/11/2019

The revisions update the list of risk indicators banks should use to conduct risk assessments and specify conditions for using KYC utilities for obtaining customer information.

Market Infrastructure

Myanmar to Open Applications for Foreign Bank Licensing

09/11/2019

Branch licences will allow wholesale banking activities, while subsidiary licences will permit retail banking services in addition to wholesale banking.

FMA New Zealand Apologises for Privacy Breach

09/11/2019

The FMA identified 27 instances where complaints documents were accessed by internet searches through a portal on its website. Of these, 6 contained personal information.

Fintech / Regtech

RBI Invites First Sandbox Applicants to Test Retail Payments Products

09/11/2019

Initially, mobile payment services, offline payment solutions, and contactless payments will be considered for inclusion in the regulatory sandbox.

Enforcement

Former HKTV Staff Member Jailed for Insider Dealing

09/11/2019

HKTV’s former senior regulatory affairs manager made over HK$160,000 in profit from trading on insider information in December 2013.